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- Apr 9, 2017
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We had our tax appointment last night and learned something I am sharing. Effective for 2018, 529's can now be used to pay for high school (public or private) expenses. Until this year, a 529 was limited to college only. One tax strategy for those wondering about their 529's for their service academy bound student, is to roll it (or part of it) into a younger siblings account to pay for high school expenses (IE tuition, in our case). As always, consult your tax adviser. And this is our own experience.
https://www.cnbc.com/2017/12/29/tax...elps-families-save-on-school-costs-taxes.html
https://www.cnbc.com/2017/12/29/tax...elps-families-save-on-school-costs-taxes.html