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A 529 account is an account that is used in the United States for people who are saving for higher education expenses. Check out their official website, 529, for more information.
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∙ 10y ago
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Can a 529 Plan be transfered to the Coverdell Education Saving account?
If you move money from a 529 account into a Coverdell Education Savings Account, you pay taxes and a penalty. It is only tax free if you move money FROM a Coverdell ESA to a 529 plan.
Why would someone need a 529 account?
A 529 account is a good idea for someone who is saving for college for their child. This option is a good choice because there are tax benefits to this type of account.
Who maintain control over the 529 plan?
The account holder
Who maintains control over 529 plan?
The account holder
Will the IRS allow me to use my 529 trust account to cover off campus housing or groceries?
Will the IRS allow me to use my 529 trust account to cover off campus housing or groceries
Where does the funds that are left over in a 529 account after all college expenses have been paid go to?
account holder
What are American Funds' 529 Basics about?
American Funds' 529 Basics is about a number of things. Anyone can contribute regardless of income level. Withdrawals from qualified expenses are exempted from federal taxes. Account owner always controls the account.
Where can I go to get some information on my 529 plan?
If you need information on a 529 plan you already have then you need to contact the bank that you have the account with. If you need info on 529 plans, then you can talk to a financial planner and your bank or an accountant. You can also check out www.savingforcollege.com/
How many contestants did US bring to London?
529
How many times per year can a 529 plan account holder move?
12 months
Who qualifies for a 529 savings plan?
A 529 savings plans can be used to meet the costs of colleges nationwide. A 529 is purchased by parents to save for future college costs.
How does a 529 savings account help my family?
A 529 Plan saves money for college tuition and is there is tax advantages for enrolling in this plan. It encourages family to save for their children's college fund.
