2018 Tax Law Changes
2018-Distribution from 529 plans and ABLE accounts
Distributions from 529 plans to pay tuition in primary and secondary school up to $10,000 is not a taxable distribution. Distributions from 529 plans can be rolled over tax free to ABLE accounts (up to annual contribution limits). Also annual contributions to ABLE accounts can be increased under certain circumstances.
Need Professional Help?
If you need help with "2018 Tax Law Changes" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.