I am a grandparent funding a grand childs K-12 private school. My state VT has yet to clarify if its state position on using 529 for K-12 education. Our states 529 plan director in has testified to a state committee about the issue however there has been no changes in state statute.
Our statute does not explicitly say it must be used at the post secondary level of education, however our state span advisor VHEIP has issued modifications to the definitions in our state plan that go on to say that the state “may” recapture credits.
Its changes can be found here.
Its a $500 annual benefit if we can use the state tax credits for contributions.
Given the lack of clarity and guidance should risk a state audit and go for it and “lead the pack”?