The Trump Accounts Contribution Pilot Program starts eligible kids off with a one-time $1,000 credit. The money comes from ...

New Trump Accounts In addition to these changes to 529s, the bill simultaneously established Trump Child Accounts. These are a new type of tax-deferred savings plan to which parents and grandparents ...

As a new mom, planning for my daughter’s future is top of mind. Before opening a savings or brokerage account, I asked ...

The law sunsets a loan program for graduate students and makes short-term workforce training eligible for Pell Grants.

529 plans typically have a narrower range of so-called “qualified expenses.” A qualified expense is anything that can be paid for by the plan that allows you to use the plan’s funds tax-free.

Reserve withdrawals for qualified expenses While technically you can tap your 529 planfor whatever amount you want, only withdrawals made for 'qualified education expenses' will avoid taxes.

If you withdraw 529 plan funds for non-qualified expenses, be prepared to pay taxes and, in most cases, a 10% penalty on the earnings portion.

The legislation permanently extends key student loan tax breaks, expands qualified expenses for 529 plans and ABLE accounts, and increases the excise tax on college endowments and private foundations.

The catch is that distributions must be used for college-related expenses. Here are six ways you can use 529 plans for college expenses and one way that's not related at all.

529 plan withdraws are tax-free under certain circumstances. Withdrawals from 529 plans are tax-free at the federal level if they’re used to fund qualified educational expenses as set by the IRS ...

Adjusted qualified education expenses (AQEE) are the amount of qualified education expenses ($8,300) less tax-free educational assistance ($3,100). Therefore, AQEE is $5,200 ($8,300 minus $3,100).

Dear Liz: We are tapping our child’s 529 college savings plan for the first time and are confused on what qualifies as a “qualified higher education expense.” Obviously tuition counts, but ...