COLLEGE SAVINGS 101

Tax-free

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What you can pay for with a 529 plan

529 plans offer tax-free withdrawals when the funds are used to pay for qualified higher education expenses. In general, this includes costs of attending an eligible post-secondary educational institution. Starting January 1, 2018, this definition is expanded to include up to $10K per year in tuition for K-12 schools.

| 529 plan | | qualified expense | | tax-free |
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Changes to 529 plans may be coming soon

Congressman Kevin Brady (R-Texas), Chairman of the House Ways and Means Committee, filed a bill to extend a variety of recently expired or soon to expire tax provisions.

| H.R. 529 | | Computers | | Tax-free redeposit |
 

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