WHAT: During CEDIA on the Hill Day, CEDIA lobbied in support of the “Freedom to Invest in Tomorrow’s Workforce Act,” which aimed to expand the use of 529 savings plans beyond traditional post-secondary college education. With the recently passed federal tax legislation (H.R. 1), 529 savings plans may now be used for expenses related to trade education and skills training programs.
WHY: Expanding 529 savings plans to include trade education removes financial barriers for those pursuing careers in the smart home industry. It broadens the talent pipeline for integrators and makes these careers more attractive to young people. Families can now invest education savings in high-demand, well-paying roles that may also better fit their children’s interests.
WHO: As the Association for Smart Home Professionals, CEDIA represents thousands of integrators, manufacturers, and professionals who rely on accessible training pathways to build a robust talent pipeline.
WHEN: CEDIA on the Hill Day took place on March 27, 2025, where the “Freedom to Invest in Tomorrow’s Workforce Act” was a major topic of discussion. Four months following CEDIA’s lobbying efforts, H.R. 1, which includes this important provision, was signed into law.
ADDITIONAL INFORMATION: Read an exclusive letter from CEDIA Global President and CEO, Daryl Friedman detailing what this new legislation means for members and their businesses.
