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A key proposal is an expansion of 529 education savings plans created to help families save for future education expenses. Dreamstime/TCA
Updated:
By Kathryn Pomroy From Kiplinger’s Personal Finance
President Trump’s tax package, the One Big Beautiful Bill Act (OBBBA), was signed into law on July 4, with some provisions taking effect immediately. However, the exact timeline for 529 expansions may depend on guidance from the Treasury and Internal Revenue Service (IRS).
