As of Monday, parents will be able to ramp up on tax savings to help cover the cost of private school. The Tax Cuts and Jobs Act has expanded the use of 529 plans – accounts that allow savers to accumulate money and pay for college on a tax-free basis – to include elementary and secondary school expenses at public, private or religious institutions. That means individuals can take up to $10,000 in distributions annually from their 529 plans to pay for private school tuition and books through 12 grade – in addition to using their account proceeds for college costs.Click on the link below for more information: