529 plans can be a savings tool for more than just college expenses; they can be used for K-12 tuition payments, to repay student loans, and to purchase computers or other related educational expenses. This webinar covers how 529 education savings plans can be leveraged to provide tax-advantaged savings for future educational expenses. Gain the knowledge and tools you need to effectively support military families in planning for their children’s education, including qualifying expenses, Roth rollovers, private 529 plans, and ABLE accounts.
Learning objectives:
By the end of this webinar, learners will be able to:
- Identify the 2024 changes to 529 college savings plans including the option to rollover unused funds.
- Understand the tax implications for 529 contributions and withdrawals, including gift tax exclusions.
- Describe qualifying expenses covered under 529 plans.
- Distinguish between the 529 plan and 529A (ABLE accounts).
