529 Plan Funds can be rolled over into Roth IRAs

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By Heidi King, College Inside Track   Tucked into the year-end federal spending package was a new provision allowing 529 Plan funds to be rolled over into Roth IRAs tax and penalty free. This significant change takes effect in 2024. Here are the key details:   The benefit is for 529 plan beneficiaries (as opposed…

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Need-to-know education changes in tax bill

The new tax bill will affect numerous areas of education funding and college planning. After numerous versions and last-minute changes, here is a summary of what did (and didn’t) happen:   College tuition benefits – Originally targeted to be taxed, tuition benefits for grad students or children and spouses of employees remain tax-exempt.   529 plans –…

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