529 Savings Plans

Thursday, January 23rd, 2020 By: Peter Vander Ploeg, CFP®

Distributions from 529 savings plans Before the signing of the Tax Cuts and Jobs Act of 2017, distributions from 529 savings plans were only considered “qualified” if the distribution was used for higher education expenses (i.e., college expenses). The TCJA expanded the definition of a “qualified” distribution to include elementary and secondary school (K-12) expenses, […] More ›