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529 funds can now be used tax-free for a wider variety of educational and career expenses. Key updates allow up to $20,000 per year for K-12 tuition, expanded K-12 expenses, career credentialing, and Roth IRA rollovers. Qualified Higher Education Expenses Tuition and Fees: Covers tuition at eligible postsecondary institutions. Required Books & Supplies: Textbooks, lab equipment, and supplies required by the institution. Room and Board: Covered for students enrolled at least h

Recent tax law changes under the One Big Beautiful Bill have introduced sweeping updates to tax rules, savings plans, and estate planning strategies. At Silver Penny Financial Planning, we want to ensure you’re aware of these important developments and how they may impact your financial goals. One thing to keep in mind is that this is a BIG bill meaning there is a lot under the hood. It is always best to evaluate your personal financial situation. These are a few important hi