These plans offer income tax-deferred growth of funds to be used at accredited post-secondary schools in the U.S. Also, qualified withdrawals are taxed federally as income to the student (beneficiary), not to the account holder (participant)....
These plans offer income tax-deferred growth of funds to be used at accredited post-secondary schools in the U.S. Also, qualified withdrawals are taxed federally as income to the student (beneficiary), not to the account holder (participant). ...