529 PLANS

529 News

New law makes computers a qualified higher education expense

(December 18, 2015) - On Friday, December 18, President Obama signed a tax and spending package into law that features important improvements to 529 plans. The Protecting Americans from Tax Acts of 2015 (PATH) includes the following updates: making computers a permanent qualified expense, updating accounting rules to eliminate distribution aggregation requirements and allowing account owners to redeposit funds tax free if they receive a refund from the school.

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