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

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

   Previously, distributions from a grandparent-owned 529 plan had to be reported as untaxed student income, which could reduce financial aid eligibility by as much as 50% of the withdrawal amount.

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. These accounts are so powerful, in fact, that many grandparents choose to open them for their ...

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

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

   How a 529 works. These college savings plans offer tax-deferred growth and tax-free withdrawals when used for qualifying expenses, which for post-secondary education include tuition, fees and ...

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

   www.aol.com/grandparents-advisors-know-529-fafsa...

   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?

   www.aol.com/finance/529-plan-loophole-too...

   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. Economic Growth, Regulatory Relief, and Consumer Protection Act

   en.wikipedia.org/wiki/Economic_Growth...

   Federal Reserve Act Financial Institutions Reform, Recovery, and Enforcement Act of 1989 International Banking Act of 1978 Protecting Tenants at Foreclosure Act Revised Statutes of the United States Securities Exchange Act of 1934 Truth in Lending Act Dodd–Frank Wall Street Reform and Consumer Protection Act: Titles amended: 12 U.S.C.: Banks ...

8. 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 ...

9. You can now move any money left over in your 529 college ...

   www.aol.com/finance/now-move-money-left-over...

   A parent or grandparent usually sets up a 529 plan for a child or grandchild, who is the beneficiary. ... 2.0 Act of 2022, unused 529 funds can be transferred to the 529 beneficiary’s Roth IRA ...