[et_pb_section fb_built=”1″ admin_label=”SECTION – College Savings 529 Plans (Margin-top: 0px; Padding-top: 0px:)” _builder_version=”4.25.1″ custom_margin=”0px||||false|false” custom_padding=”0px||||false|false” collapsed=”off” global_colors_info=”{}”][et_pb_row column_structure=”2_5,3_5″ admin_label=”ROW – College Savings 529 Plans (Margin-Bottom: 0px; Padding-Bottom: 0 px)” _builder_version=”4.25.1″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” collapsed=”off” global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.demboskiandchapman.com\/site\/wp-content\/uploads\/DECH_SITE_IMAGE_MASTER_1280x1665_2026_0401_529Plan.jpg” alt=”College Savings 529 Plans” title_text=”DECH_SITE_IMAGE_MASTER_1280x1665_2026_0401_529Plan” admin_label=”IMAGE – College Savings 529 Plans” _builder_version=”4.27.6″ _module_preset=”default” border_width_all=”2px” border_color_all=”#DBDBDB” box_shadow_style=”preset2″ global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”TEXT ” _builder_version=”4.27.6″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]A 529 plan is a tax-advantaged savings vehicle designed to encourage savings for future education expenses. 529 plans can be used on any qualifying expenses incurred at an undergraduate college, graduate level college, or a vocational\/ trade school. Additionally, due to recent legislation, 529 plans can be used for private elementary and private high school tuition, tutoring, and education-related costs, up to $20,000 per year, per child’. Below are a list of qualifying expenses, a list of the benefits of 529 plans, and potential solutions if the funds are not needed
\nthe money for schooling.[\/et_pb_text][et_pb_text admin_label=”SUBTITLE” _builder_version=”4.27.6″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]<\/p>\n
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An expense deemed by the Internal Revenue Service that will allow for tax-free distributions from a 529 Plan. Distributions from a 529 plan must be made in the same calendar year that the qualified expense is incurred to avoid penalty. Learn more by clicking the button below.<\/p>\n
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College Savings 529 Plans are a tax-advantaged savings vehicle designed to encourage savings for future education expenses.<\/p>\n","protected":false},"author":1,"featured_media":3295,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"