Posts Tagged ‘door’

Poor 529 planning opens door to taxes

Wednesday, April 22nd, 2009

Dear College Money Guru,
I paid my son’s tuition for his spring 2008 semester of college from my checking account in December 2007. I didn’t submit the 529 distribution request until April 2008. Then I read the 529 plan’s fine print. Have I created an unqualified withdrawal by not making the withdrawal in the same calendar year as I paid the tuition (even though it was only (more…)