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529 loan Fundamentals Explained

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There are exceptions to the 10% penalty—for instance, If your beneficiary gets a scholarship or attends a US armed forces academy. Any earnings would continue to be topic to federal income tax and any state and local taxes. A 529 prepare is technically a custodial account, so an Grownup custodian https://67-cash38148.amoblog.com/the-5-second-trick-for-529-loan-57044807

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