Top 10 Tax Facts for 529 College Plans in 2020

IRC Section 529 plans are a valuable way to save funds for a child's college or other education expenses, but the fact remains that many clients don't fully understand the rules that apply to these types of accounts. The issue is compounded by the changes made to the 529 plan rules under the 2017 tax reform bill and the recently passed Secure Act. Here are the top 10 things that clients need to know about funding a 529 plan in 2020.

• Check out previous coverage of the post-reform child tax credit in Advisor's Journal.
• For in-depth analysis of college savings options for clients, see Advisor's Main Library.
• Your questions and comments are always welcome. Please post them at our blog, AdvisorFYI, or call the Panel of Experts.