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529 Plans Education Expenses

Seward & Kissel LLP

New Option: Rollover From 529 Account to Roth IRA

Seward & Kissel LLP on

Federal income tax law offers tax advantages to taxpayers that save money in specially designated accounts earmarked for future educational expenses (“529 Accounts”).  In addition, federal income tax law also incentivizes...more

Faegre Drinker Biddle & Reath LLP

The SECURE Act 2.0: The Most Impactful Provisions #10 — Moving 529 Assets to a Roth IRA

The President signed the Consolidated Appropriations Act, which included SECURE Act 2.0, on December 29, 2022. SECURE Act 2.0 has over 90 provisions, some major and some minor; some mandatory and some optional; some...more

Lathrop GPM

Tax-free Rollovers of 529 Plan Funds to Roth IRAs Allowed Under Secure 2.0

Lathrop GPM on

Section 529 college savings accounts are used for tax-free education investments. When considering whether to create a 529 account, there generally is some apprehension that the person you are saving for won’t pursue a...more

Dentons

Federal Law Changes Permit More Uses of 529 Plan Accounts

Dentons on

Included in the federal Further Consolidated Appropriations Act 2020 signed by the president on December 20, 2019, is the SECURE (Setting Every Community Up for Retirement Enhancement) Act (the “Act”), a law expanding the...more

Rosenberg Martin Greenberg LLP

The Tax Cuts and Jobs Act: What Everyone Should Know Before Filing Their 2018 Taxes

The smell of tax season is in the air. Accountants and tax attorneys alike are sharpening their pencils, replacing the batteries in their calculators, and stocking up on coffee. But something feels different this year. . . ...more

Burr & Forman

Tax Cuts and Jobs Act – 529 Plan Changes for South Carolina

Burr & Forman on

The new federal tax law, known as The Tax Cuts and Jobs Act, that was approved by Congress and signed into law at the end of 2017, creates a benefit for individuals paying tuition for children in private or religious schools...more

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