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Financial Assistance May Be Coming Soon for Home Schoolers

The 2017 Tax Cuts & Jobs Act includes a provision allowing individuals to make use of funds previously deposited into a Section 529 qualified tuition plan to pay tuition expenses incurred during the tax year for designated beneficiaries enrolled at a public, private, or religious elementary or secondary school. The maximum annual amount that can be applied is $10,000. Though no provision currently exists in the tax code to allow such withdrawals to pay for costs associated with home schooling expenses a provision recently introduced in the House of Representatives intends to correct this (H. R. 4862). To learn more learn more about the bill and get alerts, click on this link (

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