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The smart Trick of 529 loan That No One is Discussing

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For non-experienced withdrawals, the portion attributed to investment decision earnings is subject matter to federal and point out money taxes plus a 10% federal penalty. Since tax benefits differ from condition to point out, you need to check the small print of any 529 program to understand the specific tax https://north-cash-loans68270.articlesblogger.com/57631286/529-loan-an-overview

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