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How Tax Reform Makes Section 529 Plans Available for Private School Grades K-12
The Tax Cuts and Jobs Act enacted near the end of 2017 enhanced the usefulness of a savings plan designed to help pay for the cost of education. The qualified tuition plan (QTP) was formerly available only to cover the expenses of college-level students. Parents of elementary and secondary school students may now use the tax-free earnings from a QTP to pay for tuition expenses. A QTP is more commonly referred to as a 529 plan, named after the Internal Revenue Code section which authorizes the accounts.
About Me
When the time came for my first two boys to go to kindergarten, I struggled. I just couldn't imaging those little guys heading off for a long day without me there to take care of their every need. As a parent, this can be one of the most challenging milestones to cross. What can you do to make it easier for both you and your child on the first day of school? I created this blog with the help of others to present enough information to help other parents going through this difficult time find peace and make things easier for everyone.
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