Why the President's 529 Proposal Just Didn't Add Up
Category: COLLEGE
Approximately two weeks ago, the president announced an educational reform initiative that included removing the federal tax benefits from 529 plans. Under current law, savings in a 529 plan grow tax-free and withdrawals are not taxed when used for higher education.
By Marcos Cordero, ContributorCEO, College Savings Holdings, Inc., 2015-02-04