Sentences with phrase «other qualified tuition plan»

(The distributions are reported as untaxed income to the beneficiary because section 26 USC 529 (c)(3)(B)(iv) of the Internal Revenue Code of 1986 treats distributions from a 529 college savings plan or other qualified tuition plan as distributions to the beneficiary, meaning that such distributions are (currently untaxed) income to the student.)

Not exact matches

If you are not a taxpayer of the state offering the plan, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.

529 college savings plans are great for saving money to pay for tuition, dorms, books, and other qualified educational expenses, but your child won't just have qualified educational expenses.

However, new tax legislation was submitted in April 2017 that would provide student loan assistance benefits with the same tax treatment as any other qualified benefit, such as tuition reimbursement and employer matching contributions to 401 (k) plans.

Investors should consider if their or their beneficiary's home state offers any state tax or other benefits that are only available in such state's qualified tuition plan.

If you are not a taxpayer of the state offering the plan, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.