The big advantage of 529 plans is that qualified withdrawals are always federal-income-tax-free—and usually state-income-tax-free too.
What you may not know is that not all 529 withdrawals are tax-free qualified withdrawals, even in years when you have heavy college costs.
Here are six important points to know about 529 withdrawals.
What you may not know is that not all 529 withdrawals are tax-free qualified withdrawals, even in years when you have heavy college costs.
Here are six important points to know about 529 withdrawals.
How are 529 College Savings Withdrawals Taxed
The big advantage of 529 plans is that qualified withdrawals are always federal-income-tax-free—and usually state-income-tax-free too.
How are 529 College Savings Withdrawals Taxed
What you may not know is that not all 529 withdrawals are tax-free qualified withdrawals, even in years when you have heavy college costs.
Here are six important points to know about 529 withdrawals.
