Under the provision, parents will be permitted to name unborn children as beneficiaries of 529 College Savings Plans, and be able to start saving for their unborn child’s education before the baby is born. This would be the first time the unborn child has been written into the tax code.
The National Right to Life Committee supports this provision because it recognizes, in at least one area of law, that unborn children are people.
The Senate will take up their version of the tax bill following Thanksgiving. If passed, the Senate and House bill differences will be worked out in committee, with the goal of signing tax reform into law before Christmas.
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