Kentucky Education Savings Plan Trust

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Important News: Federal Tax Cuts and Jobs Act of 2017 includes changes to Section 529 college savings plans

Jul 01, 2018

Effective July 14, 2018, withdrawals for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school are federal and Kentucky income tax free up to a maximum of $10,000 per taxable year per Beneficiary from all Section 529 plans.*

*State tax treatment of withdrawals for K-12 tuition expense is determined by the state where you file state income tax. If you are not a Kentucky taxpayer, please consult with a tax advisor.

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