Anchor Bay
50780 Gratiot Avenue
Chesterfield, MI 48051
For years, the 529 plan was viewed as a college-only savings tool, designed to help parents set aside money for future tuition and related higher education costs.
That changed with the passage of the OBBBA in July 2025, which expanded the range of qualified K– 12 education expenses. Under this update, professional academic tutoring became part of what 529 funds can cover when specific requirements are met.
Parents can now access up to $20,000 per year from a 529 plan for qualified K-12 education expenses, including certain tutoring services.
(586) 636-6284
