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5 Easy Facts About 529 loan Described

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You can find exceptions to The ten% penalty—for instance, if the beneficiary gets a scholarship or attends a US armed service academy. Any earnings would continue to be topic to federal revenue tax and any point out and native taxes. Consider it like purchasing your son or daughter’s college beforehand https://cashdlqoj.blogdigy.com/the-smart-trick-of-529-loan-that-nobody-is-discussing-53138180

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