529 Accounts Now Can be Used for More Expenditures

Originally, you could use 529 funds tax-free for college expenses only.  Now you can also use them for K-12 education, homeschool expenses, exam prep, exam fees, student loan repayments, Roth rollovers, computers, books, trade school, K-12 tutoring, and professional credentialling….basically everything related to lifetime education.  There are certain limits on some items, but the list is a lot longer than it used to be.  For Indiana taxpayers, there is now less reason than ever not to contribute 7.5K to the Indiana 529 plan knowing that your funds likely wont be trapped in the 529 forever.