529 Tuition Savings Plan Info Night
Join HRA for a presentation about the expanded benefits of 529 Savings Plans and how it affects you onWednesday, February 7 at 6 p.m. at HRA’s Svein J. Lassen Auditorium.
A representative from America Funds will discuss the new Tax Reform Bill which includes a provision to expand the benefits of 529 savings plans to include tax free distributions to pay for Kindergarten - Grade 12 expenses.
A representative from America Funds will discuss the new Tax Reform Bill which includes a provision to expand the benefits of 529 savings plans to include tax free distributions to pay for Kindergarten - Grade 12 expenses.
You will learn more about:
- State income tax deduction up to $4,000 per child, per year
- State income tax deduction is unlimited for grandparents over 70
- Assets grow tax deferred and can be used for qualified expenses tax free
- Parent/Grandparent has control
- Significant benefits for any family considering education choices
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