The Protecting Americans from Tax Hikes Act was signed into law by President Barack Obama in late December 2015, and included several provisions that impacted 529 plans. Now computers and related equipment are considered qualified educational expenses and account owners have a 60-day window to recontribute tuition refunds.
In 1996, the Utah Educational Savings Plan signed up its first account owners. The nonprofit, direct-sold plan was designed to help families save for higher education. Two decades later, accounts have topped 300,000 with more than $8 billion in assets under management, and UESP is one of the most respected plans in the industry. How did it all begin?
It might seem early to think about doing taxes, but you can make it easier on yourself by getting organized now to file your 2015 federal and Utah state income tax returns.
January is a good time to look at personal goals and how to achieve them. As you contemplate goals for you and your family, don’t forget to think about college and how you’ll handle the cost when the time comes. Make a habit of saving your education resolution this year.
UESP receives gold analyst rating from Morningstar, 2015
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