Some states offer deductions for 529 plan contributions up to certain limits. 529 plan contributions and qualified withdrawals are tax-free. If you pay state income taxes, you’ll need to report ...

College is expensive, but there are several valuable tax breaks that can help ease the pain. You may be able to cut your tax bill by up to $2,500 if you're paying college tuition, and you may even ...

A bill has been introduced in the U.S. Senate to allow 529 savings accounts to be used for skills training and certification programs.

The Secure 2.0 tax law expanded the options for unused 529 money starting in 2024. Families saving for education in 529 plans can now roll over unused funds from those accounts into Roth IRAs ...

College savings plans date back to the 1980s, while the 529 plan came about via congressional action in 1996. Further law changes in 2001 made qualified withdrawals tax-exempt and helped spark ...

Regarding the $1 billion in unclaimed tax refunds, how much of that is in Hawaii ? Answer : About $5.3 million, to be split among an estimated 5, 500 people who have yet to file a federal income tax ...

“Publication 970, Tax Benefits for Education," Pages 53. IRS. “Topic no. 313, Qualified Tuition Programs (QTPs).” United States Code: Office of the Law Revision Counsel. “26 USC ...

A state loophole is costing Sarasota and Manatee counties millions in lost revenue by allowing developers to tap a ...

Lawmakers are moving forward with bills that would affect the lives of Georgians, including tax cuts, school safety and mental health.