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President Trump’s massive tax bill, particularly for parents looking to stash away cash for K-12 expenses. First, a quick ...
The “big, beautiful bill” aims to expand qualified expenses for 529 plans to include SAT fees, trade school tuition and vocational certificates.
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Money on MSN529 Plans May Get Even More Flexible SoonThe “big, beautiful bill” aims to expand qualified expenses for 529 plans to include SAT fees, trade school tuition and ...
529 plans typically have a narrower range of so-called “qualified expenses.” A qualified expense is anything that can be paid for by the plan that allows you to use the plan’s funds tax-free.
If you don’t need the money right away, keeping your money in the 529 plan until the market recovers and you can recoup your losses is a good option, says Autumn Knutson, founder of Tulsa, ...
Imagine you’re a diligent parent who, haunted by your own student debt, maxes out a 529 college savings plan for your kids ...
One of its provisions stipulates that 529 plans could be used for homeschool expenses. There might be more ways you can save on expenses as a homeschooling educator. Here’s more of what to know.
The other issue is that withdrawing 529 funds for non-qualified education expenses generally results in a 10% penalty on the gains portion of those funds, plus taxes on the gains portion of the ...
A 529 savings plan can be used to pay for your child's education, but it can also be used to fund their retirement.
Jonathan Skinner sits down with financial expert Jay McGowan from The Welch Group to discuss the investment accounts for ...
After much speculation, the Big, Beautiful Bill has been passed, and there are several points that will directly impact the ...
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