Section 529 of the Internal Revenue Code
GPTKB entity
Statements (25)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
section of United States federal tax law
|
| gptkbp:administeredBy |
states
|
| gptkbp:allows |
change of beneficiary within family
contributions from individuals |
| gptkbp:amendedBy |
various tax acts, including the Economic Growth and Tax Relief Reconciliation Act of 2001
|
| gptkbp:appliesTo |
qualified tuition programs
|
| gptkbp:benefit |
students
account owners and beneficiaries |
| gptkbp:citation |
26 U.S.C. § 529
|
| gptkbp:covers |
college savings plans
prepaid tuition plans |
| gptkbp:dateEnacted |
1996
|
| gptkbp:enables |
gptkb:529_plans
|
| gptkbp:establishes |
tax-advantaged savings plans for education
|
| https://www.w3.org/2000/01/rdf-schema#label |
Section 529 of the Internal Revenue Code
|
| gptkbp:limitation |
contributions based on state plan rules
|
| gptkbp:partOf |
gptkb:Internal_Revenue_Code
|
| gptkbp:penalty |
non-qualified withdrawals with taxes and penalties
|
| gptkbp:permits |
tax-free growth of investments
tax-free withdrawals for qualified education expenses |
| gptkbp:purpose |
to encourage saving for future education costs
|
| gptkbp:subject |
federal and state regulations
|
| gptkbp:bfsParent |
gptkb:529_plans
gptkb:529_plan |
| gptkbp:bfsLayer |
7
|