Jumpstart Savings Act

The Jumpstart Savings Act creates a new tax-advantaged savings program for state-run accounts that help individuals save for career-specific training and expenses. It directly affects workers, apprentices, and students pursuing certified trades or occupations by allowing tax-free contributions to accounts covering costs like community college tuition, apprenticeship fees, certification exams, trade tools, and business startup expenses. The bill enables rollovers from existing 529 college savings plans into these accounts and requires states to administer the programs with reporting rules similar to current 529 plans. The program will apply to taxable years beginning after December 31, 2025, and is designed to support career advancement in regulated fields.