Sec. 529 college savings plan

Taxes, Scholarships, And A College Freshman: No Such Thing As Free Money

Depending on their use, college scholarships may have tax consequences. But should they, given the many subsidies for college costs built into the tax code?

March 1, 2023Renu Zaretsky

: TaxVox

No Hitting the Brakes for Tax Breaks…

Some House GOPers want to help millionaires save for college. Yesterday the House Ways and Means Committee approved a bill to expand the Sec. 529 college savings plan and rejected a Democratic amendment to limit the plans for people earning more than $3 million a year. Bloomberg reports that the

February 13, 2015Renu Zaretsky

Federal Budget and Economy: TaxVox

How Will Jeb Bush Turn His Vision of Government into Tax Policy?

Jeb Bush gave a fascinating and important speech yesterday to the Detroit Economic Club, a traditional venue for presidential candidates. In it, he laid out an economic and social vision that echoed in many ways the “compassionate conservatism” message that his brother used with great success in

February 5, 2015Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Obama's Failure to Kill 529 Plans May Say Less About Tax Reform Than You Think

After President Obama proposed, and rapidly abandoned, a plan to curb the tax advantages of Sec. 529 college savings accounts, several wise observers, including my friend David Wessel at Brookings, saw an object lesson for broad-based tax reform. To wit: If lawmakers can’t ditch a single $1 billion

January 30, 2015Howard Gleckman

: TaxVox

Who Deserves a [Tax] Break Today?

Is dynamic scoring ready for prime time? At a TPC-Hutchins Center program yesterday, backers and critics debated whether congressional scorekeepers should include macroeconomic effects of tax changes when doing a budget score. They disagreed, of course, but did agree that if the tool is used, it

January 27, 2015Renu Zaretsky