Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
529 Plans Cover Your Childs K-12 Tuition at Private Schools
In this episode of The College Savings Podcast, hosts Lucas and Luna dive into one of the most powerful yet underused features of 529 plans: using them to pay for K-12 private school tuition. Since the Tax Cuts and Jobs Act of 2017 expanded 529 plans to cover up to $10,000 per year per beneficiary in K-12 expenses, many families haven't taken full advantage. Lucas breaks down the rules, the tax implications, and a real-world example: a family in Illinois saving $750 a year in state income tax by routing private school tuition through a 529. Luna weighs in on the strategy of layering 529…
The skinny
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