IRS Posts 2025 Publication 970

The Internal Revenue Service has posted the 2025 tax year version of Publication 970, Tax Benefits for Education. This publication describes tax-advantaged savings programs for education, including Coverdell education savings accounts (ESAs) and Internal Revenue Code Section 529 qualified tuition programs. It also provides information on such related topics as the education expense exception to the 10 percent additional tax on early distributions from IRAs, federal education tax credits, and tax treatment of student loans. The “What's New” section highlights new Trump accounts for children and new Form 4547 to elect to receive a $1,000 pilot contribution for those born after 2024 but before 2029.