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Proposed tax legislation could make 529 plans more versatile for education beyond college while simplifying HSA contributions for married couples.
The tax landscape for education savings and health savings accounts is poised for potential change, thanks to new legislation under review in Congress. Proposed updates in the House Ways and Means Committee’s 2025 tax package could expand the flexibility of 529 college savings plans and simplify Health Savings Account (HSA) rules. If passed, these changes could affect millions of American…
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