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Money Sense: What expenses can a 529 education savings account cover?

Money Sense: What expenses can a 529 education savings account cover?
Photo: Cross Timbers Gazette (local newspaper) · view original

Long a popular way to save for education, 529 accounts allow you to invest money for a designated beneficiary. When the student is ready, the assets can be withdrawn free from federal, and potentially state and local, taxes – as long as you use the funds to pay for what the IRS defines as “qualif...

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