The Tax Reform and Its Impact on How You Pay for College

Written by Barry Investment Advisors | Sep 20, 2018 1:47:10 PM

There have been a number of changes due to the Tax Reform regarding paying for College. As noted in this article, the new federal tax law allows for tax-free distributions from the 529 account in order to pay eligible K-12 schools. Account owners can now withdraw up to $10,000 per beneficiary per year for qualified K-12 expenses. This article explains the changes and other items which are important when saving for college.