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  2. The ‘grandparent loophole’ is putting much-needed money back ...

    www.aol.com/finance/grandparent-loophole-putting...

    A 529 savings account is designed to help families save for a child’s education. It’s a tax-advantaged account that’s typically opened by a parent (or grandparent), with the child designated ...

  3. What to Know About the 529 Grandparent Loophole

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    A 529 plan can be a powerful way to save for college, offering tax-free growth and other tax benefits. ... Continue reading → The post How the 529 Grandparent Loophole Works appeared first on ...

  4. My wife and I saved up $73,000 in 529 college savings plans ...

    www.aol.com/finance/wife-saved-73-000-529...

    Named after Section 529 of the Internal Revenue Code, a 529 can even be used for student loan repayment (up to $10,000) under the SECURE Act of 2019. How a 529 works

  5. Grandparents and Advisors Need to Know About These 529 ... - AOL

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    State and federal tax benefits make a 529 college savings account one of the more strategic ways to save money for college. But savers should be aware: Upcoming changes to the Free Application for ...

  6. Is 529 Plan Loophole Too Beneficial for the Wealthy?

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    One of the best ways to save for your children's education is to set up a tax privileged 529 plan. A 529 plan is the only one of its kind with the privileged tax benefit of the investment gain and ...

  7. New bill allows unused 529 college funds to become a ...

    www.aol.com/finance/bill-allows-unused-529...

    Parent-owned 529 plans count for up to 5.64% of the parent contribution considered by the Free Application for Federal Student Aid (FAFSA), while grandparent-owned 529 plans don’t negatively ...

  8. 529 plan contribution limits for 2024: What college savers ...

    www.aol.com/finance/529-plan-contribution-limits...

    A 529 plan is a tax-advantaged way for parents to save for their children’s education expenses. The IRS doesn’t impose a contribution limit on 529 plans, unlike for other tax-advantaged ...

  9. How My 529 College Savings Plan Worked For Me

    www.aol.com/finance/529-college-savings-plan...

    A 529 plan is a savings plan designed to help make it more affordable to save money for future education expenses. There are actually two types of 529 plans: prepaid tuition plans and college ...

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