May 29 has been dubbed "529 College Savings Day" by many states in an effort to focus some attention on the college savings vehicles known as 529 plans. A 529 is a tax-advantaged savings plan offered by a state that makes it easier to save for college or other post-secondary education. Wisconsin’s plan is called Edvest.
In light of the upcoming attention being brought to this program, we thought you should know about a few changes for 2013:
Distributions now include technology expenses. A qualified distribution from a 529 plan now includes the cost of any computer technology, related peripheral equipment (such as a printer), and Internet access if they are required by the school or program the student is attending.