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529 tax law change
Old 08-16-2006, 07:12 AM   #1
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529 tax law change

There is currently an article floating around at bankrate.com talking about some of the extraneous tax law changes buried in the 900+ page pension reform bill. No doubt there is more there than they have dug up just yet, but they point out that this law made the tax-free withdrawal of 529 money permanent. Now the gummint giveth and the gummint taketh away, but this change makes me a lot more comfy with the idea of 529 plans for college savngs.
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Re: 529 tax law change
Old 08-16-2006, 07:19 AM   #2
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Re: 529 tax law change

You are correct.* I first saw this at Joe's blog at www.savingforcollege.com.

However, the same permanency of improved benefits was not granted to Coverdell accounts.
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Re: 529 tax law change
Old 08-21-2006, 03:38 PM   #3
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Re: 529 tax law change

Sweet!! It's about time the govt did something good...........
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