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Kevin is in the 42% marginal tax bracket (combined federal and state). Kevin wants to distribute $100,000 towards his child's education in the next 3
Kevin is in the 42% marginal tax bracket (combined federal and state). Kevin wants to distribute $100,000 towards his child's education in the next 3 years. Which of the following approaches is his taxable gift? a. Paying the college directly b. Contributing the funds to a Section 529 Qualified Tuition Plan c. Contributing to a Uniform Transfers to Minors Act account for the child d. Contributing to a Coverdell Education Savings Account plan
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