College Planning

Reporting 529 Plan Withdrawals on Your Federal Tax Return

When 529 plans are used to pay for qualified expenses there is usually nothing to report anything on your income tax return. Form 1099-Q and Form 1098-T will list the amount of the 529 plan distribution and how much was used to pay for college tuition and fees, but it is up to you to calculate the taxable portion.

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College Planning Articles

States where you can claim a prior-year 529 plan tax deduction
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Retroactive tax benefits with April deadlines
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What is the Best Parent Age to Start a 529 Plan?
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How to Choose a College
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Tools & Calculators

Savings vs Loans calculator

Find out what you can save by contributing to a 529 plan today instead of paying off a student loan later

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Financial Aid Calculator

Get an estimate of your child's financial-aid eligibility (EFC)

Financial Aid Video