innerbanner

CSF PODCASTS

What can you Pay for with a 529 Plan?

December 9, 2020 | admin

Parents can withdraw money from a 529 plan at any time for any reason. However, the earnings portion of a non-qualified distribution will incur income tax and a 10% penalty. To enjoy the full tax benefits of a 529 plan, funds must be used to pay for qualified higher education expenses.

Explore More

previousNext