What’s involved in using a 529 Plan to pay for college.

[Paul_W1]

Hi JJ 2,

The 529 plan is a great tax savings for college.  Your child dependents will be worry free when they take money out of that 529 plan.  The IRS refers them as Qualified Tuition Plan at the federal level.  It means the same thing.  I will provide link to assist you.  Some states will off a tax deduction from the 529 plan.  Please check with your own state about their programs and deductions.  Hope this information is helpful.

https://www.irs.gov/taxtopics/tc313