by St. John & Assoc on Feb 20, 2018
There have been a number of changes brought to us by the 2018 Tax Law regulations. Some of them are not yet well known.
One of these changes is the increase in the flexibility of 529’s. Prior to 2018 the use of these funds tax-free was limited to paying qualified college expenses. Under the 2018 Federal tax regulations these funds may also be used for private school tuition (kindergarten to 12th grade) up to $10,000 per year.