This course provides a thorough examination of qualified tuition programs (Section 529 plans), focusing on their tax treatment, planning applications, and recent legislative changes. Participants will learn how 529 plans operate, what qualifies as education expenses, and how contributions, distributions, and beneficiary changes are treated under federal law.
DESIGNED FOR
Accounting and finance professionals seeking information about the latest practical applications regarding 529 planning
BENEFITS
- Evaluate when 529 plans fit into an education or wealth-planning strategy
- Apply current rules to client-specific scenarios
HIGHLIGHTS
- 529 plan structure, requirements, and tax treatment
- Qualified education expenses, K–12 allowances, and student loan limits
- Contribution rules, gift-tax interactions, and the five-year election
- Distribution rules, penalties, and coordination with financial aid
- State tax considerations and recapture issues
- SECURE Act 2.0 529-to-Roth IRA rollover provisions
- Grandparent-owned 529 plans and FAFSA implications
- Multigenerational and dynasty 529 planning strategies
- Common challenges, risks, and practical decision frameworks
ADVANCE PREPARATION
None