529 College Savings Plans Can Now Be Used for K-12 Expenses
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Learn How States Are Responding
The American Federation for Children, EdChoice, and ExcelinEd are pleased to bring you this timely update on recent changes in federal law giving families new options for tax-free savings toward education expenses. The 529 savings plan, a tax-advantaged way for parents to invest for their children’s college tuition, now allows 529 savings to also be used for elementary and secondary school tuition.
This fact sheet provides information of the recent changes, including state-specific details that are currently being addressed. We encourage you to share it within and beyond your networks, helping to ensure parents are aware of this valuable new resource. We’ll be sure to provide updates to the fact sheet and map as states respond to the federal changes.