Determine how much to save in a 529 plan for costs at private, parochial and other independent schools including tuition, curriculum materials, tutoring, and online education tools. Note that federal tax-free 529 withdrawals for K-12 tuition are limited to $20,000 per beneficiary per year. Check with your state to see if withdrawals for private K-12 expenses are state tax deductible.
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Saving For College is an unbiased, independent resource for parents and financial professionals, providing them with information and tools to understand the benefits of 529 college savings plans and how to meet the challenge of increasing college costs.