Happy New Year to all! And, happily, 2018 will bring with her some new tax-saving opportunities for Carlisle families. In short, the Tax Cuts and Jobs Act signed into law in late December allows those contributing to 529 plans to use that money for K-12 private school tuition. Previously, money placed in 529 accounts could be accessed only to pay college tuition. Now funds from these accounts, which provide a number of tax advantages, may go to pay tuition at schools like Carlisle.
Here are links to two articles I found particularly succinct:
We are exploring the possibility of offering an information session for parents who might be interested in setting up such an account. Please e-mail me at email@example.com if you would like to attend such a program.
Earlier versions of the bill threatened our ability to offer tuition remission to employees as an untaxed benefit. This would have cost both the school and its faculty and staff a good deal of money. Thankfully, this item was removed from the compromise bill and thus did not become part of the new law.
Again . . . please let me know within the next week if you would like us to offer a program on 529 accounts. We will try to set one up as soon as possible to allow you to take full advantage of the new law.