Daily Court Reporter - News Sit, stay, or rollover your 529
Sit, stay, or rollover your 529
Whether you’ve moved from another state and want to take advantage of your new home’s state-tax deduction for 529 contributions, or you want to change to a lower-cost or currently better performing 529 plan (but as you know, past performance is not indicative of future results), you can roll over your previous 529 account to a new one. You are allowed one tax-free rollover in a 12-month period per beneficiary, according to federal tax law.
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Date Published: November 1, 2016