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How Do 529 Withdrawals Work For K-12 Education Tax-free? Are you curious about how to make the most of your college savings plan for your child's education? In this video, we'll explain how 529 plan withdrawals work for K-12 education and the advantages they offer. We'll start by discussing what qualifies as an educational expense and how recent changes have expanded the use of 529 funds. You'll learn about the types of costs you can cover, including tuition, books, online learning tools, tutoring, testing fees, and even therapies for students with disabilities.

We'll also cover important details regarding tax implications, both at the federal and state levels, and why it's essential to understand your state's specific rules before making withdrawals. Additionally, we’ll share strategies for planning your withdrawals to maximize benefits, such as timing expenses and managing multiple accounts. For families with beneficiaries with disabilities, we'll touch on options like rolling over funds into an ABLE account for additional tax advantages.

This video is designed to help you navigate the expanded flexibility of 529 plans, allowing you to save and use funds more effectively for your child's educational needs. Proper planning can help you keep more money in your pocket while covering a broad range of educational costs. Subscribe to our channel for more helpful tips on investment strategies and private equity.

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