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IRS Offers Guidance on Recent 529 Education Savings Plan Changes

by MICPA | Jul 31, 2018   ()
The IRS and Department of the Treasury announced their intent to issue regulations on three recent tax law changes affecting popular 529 education savings plans. Notice 2018-58 addresses a change included in the 2015 Protecting Americans From Tax Hikes (PATH) Act, and two changes included in the 2017 Tax Cuts and Jobs Act (TCJA). Taxpayers, beneficiaries and administrators of 529 and Achieving a Better Life Experience (ABLE) programs can rely on the rules described in this notice until the regulations are issued to clarify these three changes.
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Source: MICPA
Source: MICPA

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