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Congress expanded 529 plans to include tutoring ✚ All Foley Prep services now qualify ✚ Save thousands with tax-free education dollars
Yes! Effective July 4, 2025, the "One Big Beautiful Bill" expanded 529 qualified expenses to include:
All Foley Prep services are now 529-qualified K-12 educational expenses, meaning you can use your tax-advantaged education savings for immediate tutoring needs.
Yes, you can now use your 529 plan for SAT preparation services. This includes SAT tutoring, practice tests, prep courses, and coaching sessions. The same applies to ACT prep, AP test preparation, and other standardized test preparation services.
Absolutely! 529 plans now cover academic tutoring services for K-12 students. This includes subject-specific tutoring (math, science, English, etc.), executive function coaching, and academic support services. You can use 529 funds for both in-person and online tutoring.
529 plans cannot pay for traditional extracurricular activities like sports or music lessons. However, they can cover educational support services like academic coaching, college counseling, and test preparation that enhance academic performance.
Call your 529 plan administrator to confirm the new tutoring benefits are active and understand their reimbursement process. Ask about required documentation and processing times.
Schedule tutoring, test prep, or coaching as usual. We provide detailed receipts that clearly identify qualifying educational services for easy 529 reimbursement.
Submit your Foley Prep receipts to your 529 provider with any required forms. Most plans process reimbursements within 7-14 business days.
Get your money back tax-free and use those savings for more tutoring or other educational expenses. No federal or state taxes on qualified withdrawals.
529 contributions grow tax-free and withdrawals for qualified education expenses are tax-free at federal and state levels, maximizing your education investment.
Use existing 529 funds for tutoring right now. No waiting period—start saving on your next Foley Prep session with tax-advantaged dollars.
SAT/ACT prep, AP tutoring, executive function coaching, college counseling—every Foley Prep service is now 529-eligible for maximum flexibility.
| Using 529 Plan | Traditional Payment |
|---|---|
| Tax-free growth – Your education savings compound without tax drag over time. | After-tax dollars only – No tax advantages for educational spending. |
| Tax-free withdrawals – No federal or state taxes on qualified education expenses. | Already paid income tax on the money used for tutoring. |
| State tax benefits – Many states (including NJ) offer deductions for 529 contributions. | No additional state tax benefits. |
| Expanded usage – Now covers tutoring, test prep, coaching, and college counseling. | Limited flexibility for education-related expenses. |
| Multi-generational benefits – Unused funds can transfer to siblings or future generations. | Spent money is gone – no transfer options. |
Start using your 529 plan for Foley Prep services today.
We provide all documentation needed for easy reimbursement.
For detailed information about 529 plans and qualified expenses, visit these official resources:
The information provided on this page is for general informational purposes only and should not be considered as tax, financial, or legal advice. Please consult with your financial advisor, tax professional, or legal counsel to understand how 529 plans work with your specific situation before making any financial decisions.
Questions about 529 plans or need help with reimbursement? Email Ron Foley directly at ronfoley@foleyprep.com – he answers every message.
