Posts Tagged ‘529 plan change’
529 Plan Funds can be rolled over into Roth IRAs
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…
Read MoreThis 529 savings plan myth is making college pricier for families
College Inside Track’s Cozy Wittman was featured on CNBC discussing the myth that families are penalized for saving for college, changes to grandparent contributions and evaluating colleges based on their pricing model. View the article here.
Read MoreNeed-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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