Obama’s About-Face on 529 Plans Could Save the Middle Class a Bundle (as reported by Amey Stone, the Fiscal Times)

In his State of the Union speech last Tuesday, President Obama proposed tax breaks for college saving accounts known as 529 plans. A week later, that major policy proposal is dead, dropped by the administration in the face of opposition from Republicans and Democrats alike, as well as state treasurers, financial firms, educational institutions and families. If you have children under 18, this moment in the sun for 529 savings plans should make you sit up and take notice. There are potentially significant tax benefits to reap, especially if your income puts you in the sweet spot for these plans. Learn more at:http://bit.ly/1KiKvcE

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