Home
Forms Library
WITHDRAWAL OF FUNDS - TN Stars 529 Program

WITHDRAWAL OF FUNDS - TN Stars 529 Program 2025

WITHDRAWAL OF FUNDS - TN Stars 529 Program Preview on Page 1

See details

4 out of 5

58 votes

The document outlines the procedure for requesting a withdrawal from a TIPS account managed by Tennessee Investments Preparing Scholars. It specifies that beneficiaries will not receive matching grants during the withdrawal period and requires submission of receipts or invoices for qualified education expenses. The document includes contact information, instructions for completing the withdrawal form, and details on how to submit it.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out WITHDRAWAL OF FUNDS - TN Stars 529 Program with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open it in the editor.
Begin by filling out the 'Account Information' section. Enter your TNStars Account Number, your first and last name, and your daytime telephone number clearly in capital letters.
Next, provide details for the 'Designated Beneficiary.' Fill in their first name and last name as required.
In the 'Withdrawal Information' section, specify the amount you wish to withdraw. Ensure this amount does not exceed the total of your attached receipts or bills.
Indicate who the withdrawal should be payable to: yourself, the designated beneficiary, or directly to the educational institution. If applicable, include the student ID number and due date.
Finally, sign and date the form in the 'Signature' section, certifying that all expenses are for qualified education costs. Review all entries for accuracy before submission.

Start using our platform today to easily complete your WITHDRAWAL OF FUNDS form for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the biggest downside to a 529 plan?

529 cons. If not used for college expenses, there is a 10% additional tax on earnings. If not used for qualified expenses, all earnings are taxed as ordinary income (even if the actual earnings were capital gains). The management fees for a 529 account are typically higher than the fees for comparable mutual funds.

What is the best savings account for childs education?

But 529s and ESAs are generally considered better choices for college savings because of their tax advantages. There are two types of tax-advantaged college savings plans designed to help parents finance education: 529 Plans and Education Savings Accounts (also known as ESAs or Coverdell accounts).

Which state has the best 529 plan?

Top-rated 529 plans in 2025 Oregon College Savings Plan. Ohios 529 Plan CollegeAdvantage. UNIQUE College Investing Plan (New Hampshire) ScholarShare 529 (California) Pennsylvania 529 Investment Plan. my529 (Utah) New Yorks 529 College Savings Program. Alaska 529.

Can you withdraw funds from a 529 plan?

Now, you can also use 529 funds to cover expenses for private elementary, middle, and high school tuition. All withdrawals for education-related expenses are tax free, as long as they are qualified expenses. Some examples of qualified expenses include: Tuition and fees.

What is the maximum amount you can put in a 529 plan per year?

Contributions to a 529 plan are considered gifts by the IRS. If you make a contribution that exceeds the annual gift tax exclusion $19,000 for single filers, $38,000 for married couples filing jointly in 2025 you will need to file a gift tax return.

What are the benefits of a 529 plan in Tennessee?

529 plan contributions grow tax-free. Withdrawals are tax-free when used to pay for qualified higher education expenses. You can contribute as much as you want, as often as you want.

WITHDRAWAL OF FUNDS - TN Stars 529 Program 2025

Here's how it works

How to use or fill out WITHDRAWAL OF FUNDS - TN Stars 529 Program with our platform

Complete this form in 5 minutes or less

Got questions?

What is the biggest downside to a 529 plan?

What is the best savings account for childs education?

Which state has the best 529 plan?

Can you withdraw funds from a 529 plan?

What is the maximum amount you can put in a 529 plan per year?

People also ask

What are the benefits of a 529 plan in Tennessee?

Related links

Try more PDF tools

WITHDRAWAL OF FUNDS - TN Stars 529 Program 2025

Here's how it works

How to use or fill out WITHDRAWAL OF FUNDS - TN Stars 529 Program with our platform

Complete this form in 5 minutes or less

Got questions?

What is the biggest downside to a 529 plan?

What is the best savings account for childs education?

Which state has the best 529 plan?

Can you withdraw funds from a 529 plan?

What is the maximum amount you can put in a 529 plan per year?

Related Searches

People also ask

What are the benefits of a 529 plan in Tennessee?

Related links

Try more PDF tools