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How to Take Advantage of the New Tax Bill to Fund Your Child's Education

January 16, 2018

Thomas Carroll, president of the Invest in Education Coalition, talks about the newly passed Republican tax bill and how parents can take advantage of it to save money for their children's educations.

Thomas Carroll, president of the Invest in Education Coalition, discusses the advantages of the 529 plans. There are two: prepaid tuition plans and college savings plans. Carroll explains how these plans allow people to get the most out of their money. Carroll also talks about how the new bill sets the stage for broader school choice, notably in the form of a potential national tax credit. He shares some of the other policy initiatives, such as education savings accounts for military families, something he and his organization are working to make a reality in 2018.
Article Tags
Education Taxes
Author
Teresa Mull is a policy advisor for education at The Heartland Institute.
media@heartland.org @SchoolReform