trade school

529s Become More Flexible in 2018

by St. John & Assoc on Feb 20, 2018

529, college savings, 2018 tax law, regulations, saving for college, private school, private school tuition, vocation, trade school

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.

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