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  • Kiplinger

    Using a 529 Plan to Pay for Private School

    by Eileen Ambrose, Senior Editor, Kiplinger's Personal Finance Aug 02, 2018 2 minutes

    A. Yes, The new federal tax law allows families to withdraw up to $10,000 a year from a beneficiary's 529 account to pay tuition for kindergarten through 12th grade without federal taxes or penalties.

    Even so, you shouldn't rush into this decision without checking with your state's plan--or a tax professional. Laws in many states have yet to catch

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