Download Section 529 Images. Paragraphs (2) and (5) of section 529(c) of the internal revenue code of 1986, as amended by this section, shall apply to. 529 plans, legally known as qualified tuition plans, are sponsored by states, state agencies, or educational institutions and are authorized by section 529 of the internal revenue code.
It comes from section 529 of the internal revenue code, which specifies the plan's tax advantages. Individual states sponsor 529 plans. A section 529 plan can take one of two forms:
Individual states sponsor 529 plans.
A 529 plan is a college savings plan that offers tax and financial aid benefits. When you take distributions, any amounts that are used for higher education expenses (as defined under section 529 of the internal revenue code) are. 01.01.2004 · (f) to section 529, without specifying the act to be amended, was executed by making the addition to this section, which is section 529 of the internal revenue code of 1986, to reflect the. Contributions to a 529 plan are not deductible on the federal return.