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529 tax law change
Old 08-16-2006, 06:12 AM   #1
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529 tax law change

There is currently an article floating around at 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, 06:19 AM   #2
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Re: 529 tax law change

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

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, 02:38 PM   #3
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Re: 529 tax law change

Sweet!! It's about time the govt did something good...........
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)

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