How the One Big Beautiful Bill Act Will Reshape 529 Plans

How the One Big Beautiful Bill Act Will Reshape 529 Plans
A key proposal is an expansion of 529 education savings plans created to help families save for future education expenses. Dreamstime/TCA
Tribune News Service
Updated:
By Kathryn Pomroy From Kiplinger’s Personal Finance

President Trump’s tax package, the One Big Beautiful Bill Act (OBBBA), was signed into law on July 4, with some provisions taking effect immediately. However, the exact timeline for 529 expansions may depend on guidance from the Treasury and Internal Revenue Service (IRS).