529 college savings plans are enhanced to allow annual distributions of up to $10,000 per student to pay tuition for elementary and secondary education.
There are favorable changes to ABLE savings programs for the disabled.
The new law allows limited tax-fee rollovers from 529 plans to ABLE accounts. It also lets ABLE account beneficiaries make contributions to their accounts over the $15,000 annual payin limit. These payins are eligible for the saver’s credit.