Using a 529 Plan to Fund Tuition
529 Plans are educational savings plans designed to allow for the tax-free growth of investment funds used for qualified expenses. Not only can 529 Plans be used to fund a college education, but up to $10,000 per student can be used to pay private school tuition.
This information is not offered as tax advice. A personal financial or tax adviser can explain if and how this new law may benefit you and your family.