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Which of the following is/are true regarding 529 Savings Plans? Qualified distributions from a 529 plan can be used to pay for a computer. There
Which of the following is/are true regarding 529 Savings Plans?
Qualified distributions from a 529 plan can be used to pay for a computer. | ||
There are no income limitations (phase-outs) on who can contribute to a 529 Savings Plan. | ||
A federal income tax deduction is not permitted for contributions to a 529 Savings Plan. | ||
All of the above. | ||
None of the above |
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