Step 1:
Make Contribution of $10,000
$8,000 allowable per person
Step 2:
Into a 529 Savings Account
Step 3:
Then withdraw $10,000
Step 4:
to Pay Tuition $10,000 or more
Tax Savings = $600
Assumes 6% State Tax Rate
Missourians can use features of the Tax Cuts and Jobs Act of 2017 to help fund private school tuitions.
Please contact your tax accountant for further details. This is not a solicitation or recommendation of securities.