Obama Relents on Taxing 529 Withdrawals

nyt Common sense prevails! The Obama Administration is relenting on their recent proposal to tax 529 savings plan withdrawals.

Check out the latest New York Times article for the details.

23 January 2015

White House Proposes Taxable Withdrawals on 529 Plans

nyt The Obama Administration is proposing a significant change to 529 college savings plans—to make withdrawals taxable.

Of course, this would apply only to new contributions, but regardless this feels like a terrible policy move for advocates of affordable education.

Check out this New York Times article for more insight and perspective.

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