Your Thoughts on Tax Deductions for 529 Plans
- Don't spend it all in one place. PIZZANI, LORI // Employee Benefit News;Dec2008, Vol. 22 Issue 15, p56
The article discusses a change in New York State law allowing third-party contributions to a student's 529 college savings plan. Before it was amended in early 2008, the law previously only allowed contributions to be made to a college savings account held for a beneficiary, college-bound child...
- easy money. // Baby Talk;Mar2009, Vol. 74 Issue 2, p61
The article offers information how parents can obtain the benefits of tax breaks in the U.S. According to tax analyst Jackie Perlman, new parents are eligible for a tax deduction of $3,500 per child and every child can drop another $1,000 from his or her parent's tax bill. It is stated that...
- Maximizing Clients' 529 Funds. McKinley, Kevin // Registered Rep;Dec2010, Vol. 34 Issue 12, p73
The article offers guidelines for maximizing funds from 529 investment plans in the U.S. According to the author, to avoid taxation of 529 account withdrawals, there should be matching qualified educational expenses such as tuition, fees, and books. Moreover , if there are no qualifying expenses...
- Why Planners Hate Utah. // Money;Mar2008, Vol. 37 Issue 3, p48
The article presents advice on investing in 529 college savings plans. Try to buy a plan direct rather than through a financial advisor, as the advisor will charge either an up-front fee or an annual one. Plans purchased in one's home state offer a state tax deduction. Choose an age-based plan...
- Fidelity Sees 22% Growth in Its 529s. // American Banker;9/20/2007, Vol. 172 Issue 182, p12
The author reports that the amount of assets held by Fidelity Investments in 529 college saving plans increased 33% from September 2006 through August 2007. According to the article, more than 100,000 new accounts were opened during this time period. One possible reason for the number of 529...
- ASK THE EXPERT College Plans. Weisman, Steven J. J. // Research Reports: American Institute for Economic Research;3/19/2012, Vol. 79 Issue 5, p3
The article offers information on the 529 plan of the U.S., which allows families to contribute up to 13,000 dollars annually or five years' worth of annual exemption gifts, and provides tax-free withdrawals for educational expenses.
- Clarification. // Accounting Today;4/20/2009 Supplement, p3
A correction to the article "Saving for College in this Climate," published in the January 2009 issue of CPA Wealth Provider is presented.
- COLLEGE SAVINGS. Braverman, Beth // Money;Apr2011, Vol. 40 Issue 3, p20
The article presents an answer to a reader who wonders whether he and his wife should take money from a 529 account to pay off her student loan.
- BY THE NUMBERS. // Disclosures;Sep/Oct2013, Vol. 26 Issue 5, p9
The article reports on the 12 percent average balance growth of 529 college savings and prepaid tuition plans in 2012.