What is the maximum amount per beneficiary from a qualified 529 plan that can be used for K-12 tuition?

A qualified 529 plan allows families to save for education expenses, and recent changes have expanded the use of these funds. For K-12 education, the law permits distributions of up to $10,000 per beneficiary per year for tuition expenses at elementary or secondary schools. This amount is intended to help cover the costs associated with private school tuition, as well as other qualifying educational options outside of the traditional public school system.

This provision was introduced to enhance the flexibility of 529 plans and to support families who choose to invest in private education for their children. Since the question specifically asks about the maximum amount that can be withdrawn per beneficiary each year for K-12 tuition, the correct response reflects this annual limit of $10,000. Understanding this limit is crucial for families planning their education financing strategies, as it can significantly impact their financial planning for both K-12 and post-secondary education.