Notable win

529 plans now reach K-12, homeschool and trades

The K-12 withdrawal limit for 529 plans doubled to $20,000 a year, and eligible expenses now include more homeschool costs and job credentials.

The flag of the United States of America

Why you should care

Tax-free savings can now follow your child to a kitchen-table homeschool or a trade credential, not only a college campus.

The long version of this story is still being written. Everything on this page is backed by the sources below.

Sources and footnotes

  1. Quad Cities Business – Family Tax Relief Under OBBB
  2. HBK CPAs – OBBBA Tax Analysis