Thursday, April 30, 2015
A bipartisan tax bill went through Senate Finance Committee mark up yesterday. The bill is intended to expand the benefits of a 529 college saving plans. Changes include adding a computer as an eligible expense as long as it is primarily used by the student despite whether the college requires the computer. Another change would allow refunds received by a student when they withdraw from school to be put back into the savings plan penalty free if done within 60 days.
See Ashlea Ebeling, Senate Takes Up Fixes To 529 College Savings Plans, Forbes, Apr. 29, 2015.