Kiplinger

529 Savings Plans Have More Uses -- But States Need to Catch Up

[Question]What are the new rules for using money in a 529 college-savings plan for kindergarten through 12th-grade expenses, rather than just college?

[Answer]The expanded the definition of eligible expenses for . You can now withdraw up to $10,000 from a 529 each year tax-free to pay tuition for kindergarten through 12th grade. You for a student who goes to school at least half-time), books and a computer. For more information about eligible expenses, see the "Qualified Tuition Program" section of .

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