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NAIFA Supports Legislation Expanding Uses of 529 Plan Withdrawals

By NAIFA on 7/9/24 4:38 PM

So-called 529 plans are effective financial planning tools that help many families prepare for education-related costs. They allow tax-free withdrawals to pay “qualified education expenses.” Proposed legislation known as the “Education and Workforce Freedom Act,” which NAIFA supports, would significantly expand approved uses for 529 plan withdrawals and has been passed by the House Ways & Means Committee.

Topics: Financial Planning Education Federal Advocacy Supported Legislation