Policy Matters Findings: Letting College Savings Plans Be Used for Private K-12 Tuition Reduces Revenue, Advantages Wealthy
The new federal tax law gives wealthy Americans who send their kids to private school a tax cut. Meanwhile, the
Tax-advantaged college savings and investment accounts, known as 529 plans, primarily benefit wealthy Americans because lower- and middle-income families can't save as much for college. In 2015,
"Most Ohioans can't take advantage of a college savings plan, and if the state's 529 plan expands to include parochial and private schools, that will benefit the wealthy as well," said Policy Matters researcher
The tax deduction for 529 plans is estimated to cost the state about
In
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Award-Winning StoneGate Senior Living Secures HealthChoice Insurance Contract for Oklahoma Market
GovGuam Employees, Retirees, Their Families to Lose Access to Choice in Health Insurance Coverage
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