Understanding 529 Plans and Education Provisions in Pennsylvania: Ownership, Distribution Controls, and FAFSA/CSS Implications
Introduction to 529 Plans 529 plans are designed as a strategic savings vehicle to help families accumulate funds for future educational expenses. Named after Section 529 of the Internal Revenue Code, these plans provide a tax-advantaged way to save for college costs, including tuition, room and board, and other associated fees. The tax benefits associated … Read more