529 College Savings Plan

529 College Savings Account: Important Things To Know

July 9th, 2024|Categories: 529 Plan, Burns Firm, College Savings Plan, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Services, Tax, Tax Advisor, The Burns Firm|Tags: 529 Account Withdrawals, 529 College Savings Plan, 529 Withdrawals for K-12 Tuition, College Savings Plan, CPA, CPA Advisor, cpa near me, Dallas CPA, tax, tax advisor, Texas CPA, The Burns Firm, What Can I do With Leftover Money in a 529 Plan|

Have you set up Section 529 college savings plans for your children or grandchildren? The major advantage of 529 plans is that qualified withdrawals are always federal-income-tax-free and usually state-income-tax-free. But there can be [...]

New Option for Unused Funds in a 529 College Savings Plan

February 29th, 2024|Categories: 529 Plan, Accountant, Burns Firm, College Savings Plan, CPA, CPA Dallas, CPA near me, Dallas CPA, Education, Education Expenses, Tax, tax accountant, Tax Advisor, The Burns Firm|Tags: 529 College Savings Plan, CPA Dallas, cpa near me, Dallas CPA, How to use the unused funds from college savings plan, ROTH IRA, tax, tax advisor, The Burns Firm, Transfer unused 529 plan money to Roth IRA, Unused Funds in 529 College Savings Plan|

With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax deductible, but they grow tax [...]