K-12

529 Plan distributions for K-12

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You can use money contributed to a child's 529 Plan to pay for their K-12 education expenses. Pennsylvania will follow the Federal tax legislation signed into law on December 22, 2017, which includes several new provisions related specifically to 529 plan accounts, beginning with the 2018 tax year:
• Account owners can use assets to pay for qualified K-12 expenses up to $10,000 per year, per student.
• Account owners can treat K-12 withdrawals as qualified education expenses with respect to federal tax and PA PIT purposes.

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