Parent-teacher conferences will be conducted on Monday, February 12, 2018 from 4:30-7pm. Conferences were originally planned for Thursday 2/15/18, but had to be moved due to various schedule conflicts.
KCA is involved in the Association of Christian Schools International (ACSI); therefore, we receive updates on developments that impact Christian education. The latest information we received from ACSI has some very exciting news, and we hope that you will take a moment to read through the following summary.
From ACSI Legal and Legislative Alert dated 1/16/18:
“The recent tax reform law created a great opportunity for Christian schools and families. The Tax Cuts and Jobs Act was signed into law December 22, 2017. In a significant step forward that ACSI strongly supported and promoted, the law expanded 529 savings plans so that they now allow savings for K–12 tuition expenses. The maximum distribution for K–12 tuition is $10,000 per year per child for expenses incurred beginning January 1, 2018.
This means current account owners may begin using these funds immediately for K–12 tuition! (Be aware that states are still updating their laws so your state tax treatment may not yet be finalized.)
The practical effect of the change is that, beginning January 1, 2018, parents can begin to save for both college expenses and for K–12 tuition expenses and the earnings will grow free of federal tax. Special federal tax provisions exist for treatment of gifts to 529 savings plans so that even grandparents or extended family may contribute. Read more.”