JOURNAL ARTICLE

The Kiplinger Tax Letter.

  • Published In: Kiplinger Tax Letter, 2025, v. 100, n. 18. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Taylor, Joy 3 of 3

Abstract

The article focuses on the features and benefits of 529 plans, which are primarily used for college savings but can also fund K-12 education and certain apprenticeship programs. Contributions to 529 plans are treated as gifts to beneficiaries, with a contribution limit of $19,000 per year per beneficiary in 2025, allowing for a five-year bunching option up to $95,000. Distributions for qualified educational expenses are tax-free, and recent legislative changes have expanded eligible expenses to include various educational materials and tutoring services. The article also discusses options for unused funds, such as paying off student debt or rolling over funds to other accounts. [Extracted from the article]

Additional Information

  • Source:Kiplinger Tax Letter. 2025/08, Vol. 100, Issue 18, p1
  • Document Type:Article
  • Subject Area:Education
  • Publication Date:2025
  • ISSN:0023-1762
  • Accession Number:187577974
  • Copyright Statement:Copyright of Kiplinger Tax Letter is the property of Future Publishing Ltd. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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