You can superfund a child's 529 account by making a lump-sum contribution of up to $95,000 ($190,000 if you're a married ...

What are 529 plans? Broadly speaking, a 529 plan is a qualified tuition plan that allows federal tax-free withdrawal of ...

A 529 plan is a tax-advantaged way for parents to save for their children’s education expenses. The IRS doesn’t impose a contribution limit on 529 plans, unlike for other tax-advantaged ...

Students are encouraged to refer to IRS Publication 970 that provides further guidance on these qualified expenses in addition to eligible book supplies and technology item expenses. To begin this ...

If you have a 529 plan — a tax-exempt education savings account ... Tax reporting is the responsibility of the 529 account owner, and the IRS requires proof that withdrawals were indeed ...

Before opening a 529 plan for a grandchild ... "There's a certain amount of money the IRS tells us we can give to another individual before we have to file a gift tax return – that's $15,000 ...

"The 529 plan offers income tax-deferred investing, and if distributions from the plan are for expenses that meet IRS criteria, tax-free investing," explains Sandi Bragar, CFA and chief client ...

You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...

“529 Plans: Questions and Answers.” Internal Revenue Service. “IRS Offers Guidance on Recent 529 Education Savings Plan Changes." Congress.gov. “H.R. 1865 Further Consolidated ...

Please note: Many 529 College Savings plans now have a digital distribution option (electronic ACH) which saves time and improves transparency with real-time payment tracking. When requesting a ...

If a program or school is not on the list, other documentation may be submitted to support the use of 529 plan funds to pay tuition and other qualified expenses. These entities are not required, and ...