2018 Could Be Grandparents' Year to Pump $150,000 into 529 Plans
Recent tax reform has opened up a whole new way for millions of American families to pay their child's tuition from kindergarten through 12th grade at private schools, including religious schools.
Beginning in 2018, the new law allows parents to take up to $10,000 per child from that child's 529 college savings plan to pay their K-12 tuition. That could come in handy, considering that the average cost of private high school is over $14,000, according to , and in some states, it tops $30,000. So how can parents -- and others who set up 529 plans for a child, such as grandparents and family friends -- take advantage
