10/20/2025
Saving for your kids’ future just got a whole lot more flexible! If you’re a small business owner, here’s why you’ll want to take a fresh look at 529 education savings plans in 2025:
529 plans let you grow your savings tax-free for education – and now there are even more ways to use those funds. Thanks to new updates, you can use up to $20,000 per year for K-12 expenses like books, tutoring, even standardized test fees and special education services (up from $10,000!). Vocational programs, apprenticeships, and training are also covered.
Worried about overfunding? Unused 529 money can now be rolled over into a Roth IRA for your child, up to $35,000 (with a few requirements) – making it easier and safer to invest for the long term.
These changes mean big tax savings for your family (and your business!). Want to see how a 529 plan could work for you, or how to maximize the new tax breaks? Let All’s Well Tax Relief Services help you customize your strategy. Reach out to us anytime for expert advice!