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

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   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. ... 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. Why Unused 529 Plan Funds Might No Longer Be a Concern With ...

   www.aol.com/why-unused-529-plan-funds-070000800.html

   To take advantage of this new option, families with 529 plans must adhere to the following rules: The 529 plan must be open for at least 15 years before attempting the 529-to-Roth rollover.

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. Worried About Excess Funds in a 529 Plan? This Rule Could ...

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   Thanks to a new rule from the IRS, up to $35,000 in unused funds in a 529 plan can be rolled over into a Roth IRA per beneficiary in a lifetime. This allows families to use unused funds to help ...

9. 529 plan contribution limits for 2024: What college savers ...

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   Finally, starting in 2024, families can roll unused 529 plan funds to a Roth IRA in the beneficiary’s name without triggering income taxes or penalties.This new rule, signed into law as part of ...