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President Trump’s massive tax bill, particularly for parents looking to stash away cash for K-12 expenses. First, a quick overview: 529 plans allow anyone — not just parents — to set aside money in an ...
The bill contains many tax provisions beyond extending portions of the Tax Cuts and Jobs Act. It now goes to President Donald ...
The “big, beautiful bill” aims to expand qualified expenses for 529 plans to include SAT fees, trade school tuition and vocational certificates.
Vermont taxpayers with an in-state 529 plan can receive the $500 upper limit in tax credit with a $5,000 contribution. The Best 529 Plans for 2025 Morningstar rates these plans as the top choices ...
But 529 plan contributions are subject to the federal gift tax exclusion, meaning you will need to report gift taxes if you contribute more than the 2025 amounts to a 529: Single filers up to $19,000.
A 529 savings plan can be used to pay for your child's education, but it can also be used to fund their retirement.
After much speculation, the Big, Beautiful Bill has been passed, and there are several points that will directly impact the ...
President Donald Trump’s Big Beautiful Bill will bring some big changes to families’ budgets especially come tax time.
The “One, Big, Beautiful Bill” would allow families to use 529 education savings plans to pay for career certifications, ...
While technically you can tap your 529 plan for whatever amount you want, only withdrawals made for 'qualified education expenses' will avoid taxes. These expenses include costs such as "tuition, fees ...
If you don’t need the money right away, keeping your money in the 529 plan until the market recovers and you can recoup your losses is a good option, says Autumn Knutson, founder of Tulsa, ...
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