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529 loan Fundamentals Explained

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There are exceptions to the 10% penalty—for instance, If your beneficiary gets a scholarship or attends a US navy academy. Any earnings would still be matter to federal revenue tax and any condition and local taxes. A 529 approach is technically a custodial account, so an adult custodian controls the https://45cash53084.ourcodeblog.com/35426224/a-secret-weapon-for-529-loan

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