The Skills Investment Act of 2025 expands and modernizes education savings accounts to support lifelong learning and workforce development. The bill renames "Coverdell education savings accounts" to "Coverdell lifelong learning accounts" and broadens eligible expenses to include workforce training programs, career and technical education, career services, and related costs like computers and internet access—not just traditional college expenses. It extends account contributions to age 70 (from age 18), allows higher contribution limits of $4,000 annually for beneficiaries over 30 (up from $2,000), and caps account balances at $10,000 for those over 30. The bill creates a new tax credit allowing employers to claim 25 percent of contributions they make to employee learning accounts, and allows individuals 18 and older to deduct personal contributions to their accounts. Most provisions take effect January 1, 2026, making these accounts more accessible for adults seeking job retraining and career advancement throughout their working lives.
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