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2018 Tax Law Changes

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  4. 2018-Distribution from 529 plans and ABLE accounts

2018-Distribution from 529 plans and ABLE accounts

Distributions from 529 plans to pay tuition in primary and secondary school up to $10,000 is not a taxable distribution. Distributions from 529 plans can be rolled over tax free to ABLE accounts (up to annual contribution limits). Also annual contributions to ABLE accounts can be increased under certain circumstances.

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