Named after Section 529 in the Internal Revenue System’s tax code, the plans allowed parents to invest money for their children’s college education. Now, 529 plans can be used to sock money away for grade school and high school tuition in private schools — including Catholic schools — while accruing the same tax benefits as have the college plans.
How much will expansion of ‘529’ savings plans help Catholic schools?
Tax reform bill called ‘unacceptable,’ some provisions ‘unconscionable’
Bishops call for amendments to the current draft of the tax reform bill “for the sake of families” and “for those struggling on the peripheries of society who have a claim on our national conscience.