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The bill gives 529 investors more flexibility to use the vehicles to fund education related to credentials like the CFP, Hall said. For instance, if money is left over in a plan after a child has completed a college degree, the money can pay for course work and fees to prepare him or her to sit for the CFP exam. Bill to allow use of 529 funds for advisor credential courses gains investmentnews.com industry-news news investmentnews.com industry-news news
Students may not use a 529 college savings plan to pay for college test prep, including SAT prep. 529 plan distributions used to pay for SAT prep are considered non-qualified and subject to income tax and a 10% penalty on the earnings portion of the distribution. Can You Use a 529 Plan to Pay for SAT Prep? - Saving for College savingforcollege.com article can-you-us savingforcollege.com article can-you-us
Your ScholarShare 529 funds can be used at any accredited university in the countryand even some abroad. This includes public and private colleges and universities, apprenticeships, community colleges, graduate schools and professional schools. How Does A 529 Plan Work In California? - ScholarShare 529 scholarshare529.com learn how-does-a- scholarshare529.com learn how-does-a-
The bipartisan bill sponsored by Representatives Abigail Spanberger (D-VA) and Rob Wittman (R-VA) would expand eligible uses of 529 savings plans to include fees and expenses required to obtain or maintain recognized postsecondary credentials, including professional credentials and certifications.
The American Institute of Certified Public Accountants (AICPA) is the national professional organization for Certified Public Accountants (CPAs) in the United States.
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No, AP exam testing fees would not be considered a qualified educational expense for a 529 plan. Youre welcome. Take care and be safe. Are 529 withdrawals qualified for AP exam testing fees? - JustAnswer justanswer.com tax f5ar9-529-withdrawa justanswer.com tax f5ar9-529-withdrawa
Funding a 529 account is considered a completed gift to the beneficiary for estate tax purposes all contributions and earnings grow outside your taxable estate. Plus, unlike other gifting programs, a 529 plan enables you to retain control over the account and its assets.

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