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The smart Trick of 529 loan That Nobody is Discussing

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You will find exceptions to the 10% penalty—As an illustration, Should the beneficiary gets a scholarship or attends a US military academy. Any earnings would nonetheless be topic to federal cash flow tax and any condition and local taxes. Imagine it like paying for your son or daughter’s university in https://milomuuvv.blogsvirals.com/34285976/facts-about-529-loan-revealed

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