RSI Corporate - Licensing

The 529 Plan Change That Could Help Families Save On Education And Taxes

Forbes – Renee Morad

“Beginning in 2018, taxpayers will be able to increase their tax savings when funding their children’s private school educations. According to the new Tax Cuts and Jobs Act, 529 plans, a tax-advantaged savings plan designed to encourage saving for future college costs, have recently been expanded to include elementary and secondary school expenses. This means that taxpayers will be able to withdraw up to $10,000 per year tax-free for elementary and high school expenses, such as tuition and books.”(more)

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