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What Parents Should Know About New 529 Tax Rule

March 30, 2018

Via: FindLaw

Everyone talks about how raising kids is expensive, and one of the biggest contributing factors to that is providing kids with a good education. This is especially true if you want to send your kids to private school. Well, the Tax Cuts and Jobs Act of 2017 has a significant impact on how many Americans can approach their strategy for funding their children’s education.

More specifically, the Act now makes 529 plans eligible to be used for private school tuition for grades K-12.

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