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The Tax Implications of Taking 529 College Savings Plan Withdrawals

by Borland Benefield Staff | Sep 16, 2021 | Articles for September 2021

Section 529 college savings plans — also known as qualified tuition programs — have been around long enough that many people are now withdrawing money to pay for school. Qualified withdrawals are always federal-income-tax-free and usually state-income-tax-free, too....

The Tax Implications of Taking 529 College Savings Plan Withdrawals

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