529 plans and autism expenses

[Guest guest]

I apologize for the cross posting.

I was reading an article in Money magazine this morning that indicated that the

new tax law permitted money from 529 plans (the tax-deferred college plans set

up by most states, like Missouri's MOST plan) to be used for tutoring, equipment

and other expenses if you have a special needs child. Does anyone know anything

about this? Does the money have to be in the account for awhile? We've got

MOST accounts set up for our girls that they will hopefully be able to use for

college someday. But if we can make contributions now that can be withdrawn in

a short period of time to pay for some of their autism-related expenses, we'll

increase our rate of contribution--especially since I don't think we'll have

enough this year to qualify for medical deductions on our income taxes.

Thanks

mom to , 34 mos, and Siobhan, 19 mos, both ASD