Does the new tax bill affect 529 Plans?
Q: I have contributed to a 529 Plan to help pay for the costs of college for my child. Did the new tax law change something about how I can use the 529 Plan?
A: Yes, with the Tax Cuts and Jobs Act of 2017, Section 529 plan savings may now be used for K-12 tuition as well as for higher education costs. Here’s what you need to know: