{"id":80023,"date":"2026-04-14T20:37:09","date_gmt":"2026-04-15T03:37:09","guid":{"rendered":"https:\/\/lapost.us\/?p=80023"},"modified":"2026-04-14T23:37:49","modified_gmt":"2026-04-15T06:37:49","slug":"california-leaders-highlight-bill-to-expand-college-savings-flexibility-and-deliver-tax-relief-for-families","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=80023","title":{"rendered":"California leaders highlight bill to expand college savings flexibility and deliver tax relief for families"},"content":{"rendered":"<p><strong>SACRAMENTO, Calif.<\/strong> \u2014 California State Treasurer Fiona Ma, CPA joined Assemblymember Michelle Rodriguez, state leaders and a California family Tuesday to highlight AB 2444 (Rodriguez), \u201cThe Academic Savings for Lifelong Financial Security Act,\u201d legislation that would expand college savings flexibility and provide new tax relief for families.<\/p>\n<p>The proposal would align California law with recent federal changes, allowing eligible rollovers from ScholarShare 529 accounts into Roth IRAs for the beneficiary\u2014giving families the flexibility to ensure unused education savings can support the child\u2019s long-term financial security instead of going unused\u2014and establish a new state income tax deduction to make saving for higher education more accessible and affordable.<\/p>\n<p>\u201cSaving for college or job training shouldn\u2019t come with uncertainty about what happens if plans change,\u201d said California State Treasurer Fiona Ma, CPA. \u201cAB 2444 gives families more control, adds meaningful tax relief, and ensures those savings can continue working for their child long after their education. This is about giving families confidence that their savings will never go to waste.\u201d<\/p>\n<p>\u201cAssembly Bill 2444 is about giving families the confidence needed to invest in their children\u2019s future and keeping the American promise within reach,\u201d said Rodriguez. \u201cAt a time when college costs continue to rise, we must do more to support families who are planning ahead. AB 2444 makes saving easier, more flexible and more rewarding.\u201d<\/p>\n<p>Cassandra DiBenedetto, executive director of the ScholarShare Investment Board, emphasized the importance of reducing barriers to saving and expanding opportunities for families across California.<\/p>\n<p>A parent utilizing ScholarShare 529 also shared how education savings programs are helping families plan for the future while navigating rising costs.<\/p>\n<p>AB 2444 builds on California\u2019s efforts to support long-term financial security by reducing barriers to saving and creating new incentives for families to invest in their children\u2019s long-term financial futures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SACRAMENTO, Calif. \u2014 California State Treasurer&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-80023","post","type-post","status-publish","format-standard","hentry","category-ca-local"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/80023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=80023"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/80023\/revisions"}],"predecessor-version":[{"id":80024,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/80023\/revisions\/80024"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}