New Tax Law Changes Help Families with K-12 Tuition
The Federal Tax Cuts and Jobs Act signed by President Trump December 22 included a provision that allows parents to use state 529 savings accounts for K-12 tuition.
Wisconsin has a 529 Savings account called EdVest. It allows people to put pre-tax money aside for college expenses. Now, thanks to the new federal law, K-12 school tuition can also be covered.
The group that pushed for the 529, K-12 provision is called EdTaxcredit50. They launched a new website called 529K12facts.org. It includes a good Frequently Asked Questions (FAQ) tab, which you can share with parents.
On a related front, WCRIS is working with State Rep. Dale Kooyenga (R-Brookfield) to adjust Wisconsin law to allow EdVest to be used for K-12 tuition, as the new federal tax code allows.
You can learn more about those efforts, and hear from one of the lead advocates at EdTaxCredit50 — Maureen Blum, who will be speaking at the WCRIS Leadership Conference Feb. 9 at Country Springs Hotel in Pewaukee.
Maureen was a parent organizer for the Milwaukee Parental Choice Program (MPCP) while working for the Institute for Justice (IJ) in the early 1990s. IJ handled all the MPCP litigation, and won the U.S. Supreme Court decision that ruled vouchers constitutional.
Maureen has worked on efforts to expand parental choice all over the U.S. She worked on the Trump transition team after last year’s presidential upset, and advises members of Congress about choice in education.
A colorful and genuine, down-to-earth speaker, Maureen will inform us of how parental choice is shaping education and what the future may hold for private schools.
It’s not too late to register for the 2018 WCRIS Leadership Conference. Join us!