SECTION 529 PLANS:

SAVING FOR HIGHER EDUCATION

Topics in this article include:

Overview of Section 529 Plans

Tax Treatment Of Contributions & Designated Beneficiaries

Setting Up A Section 529 Account

Options When The Beneficiary Does Not Use Up the Section 529 Account

How To Select A State Section 529 Plan

Comparisons Of Section 529 Plans To Uniform Transfers To Minors Act Accounts

Effect of Section 529 Plans on Eligibility for Student Financial Aid

Summary Of Advantages And Disadvantages Of Section 529 Plans Compared To Other Techniques

DISCLAIMER

Martin J. Hagan is licensed to practice law in the Commonwealth of Pennsylvania. This website is intended solely for informational use and is not intended to solicit clients. Likewise, any information contained in or obtained from this web site is for informational purposes only and is not intended to be used as legal advice.

IRS CIRCULAR 230 DISCLAIMER:   Pursuant to Treasury guidelines, any tax advice contained in this website (or any link from it) does not constitute a formal opinion. Accordingly, any tax advice contained in this website (or any link from it) is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be asserted by the Internal Revenue Service. You should seek advice based on your particular circumstances from an independent tax advisor.

Send mail to mhagan@haganlaw.net  with questions or comments about this web site.

Copyright © 2007 Martin J. Hagan, One Gateway Center - 8 South; Pittsburgh, PA 15222-1435

Last Updated: 06/29/07