Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
529 Plans and K-12 Private School Tuition Expenses
In this episode of The College Savings Podcast, Lucas and Luna dive into a powerful but often overlooked feature 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 child for elementary and secondary education, families have a tax-advantaged way to fund private school. Lucas breaks down the rules, including which expenses qualify, how the $10,000 cap works per beneficiary, and state tax implications. Luna brings in a real example of a family in New York who used their 529 to save over…
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