Rep. Riley Moore (R-WV) is introducing a federal savings program modeled on a West Virginia initiative he led as state treasurer designed to help individuals pay for equipment, certifications, startup costs, and other essentials tied to careers in the trades and vocations.
The bill, to be introduced on January 15 and titled the Jumpstart Program Act, would amend the Internal Revenue Code to create accounts similar to 529 education savings plans but tailored for non-college career paths. These accounts would allow individuals to contribute funds tax-free and use them for “qualified occupation, profession, or trade expenses,” including the cost…
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