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Daily Archives: June 4, 2020

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College Fund 529

How to Handle a Refund of College Expenses That Were Paid with 529 Funds

TaxesBy Jimmy WadeJune 4, 2020Leave a comment

There are some colleges issuing refunds for college-related expenses due to changes resulting from the COVID-19 pandemic.  Many individuals are receiving refunds that can be traced back to payments made from a 529 Plan, which is designed as a tax beneficial savings vehicle if used for college expenses.  529 Plans allow savings to grow tax-free…

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