Since they are classified as payments, refundable tax credits can also help offset your self - employment tax and qualified retirement plan distribution tax. (irs.com)
You are now permitted to take 529 college savings plan distributions of up to $ 10,000 per beneficiary per year for tuition at an elementary or secondary public, private, or religious school. (maryland529.com)
The remaining cash value can remain in the plan or be taxed as a qualified plan distribution. (investopedia.com)