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Which of the following statements concerning 529 plans is correct? a. Contributions are subject to phase out when made by higher income taxpayers. b. Distributions

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Which of the following statements concerning 529 plans is correct? a. Contributions are subject to phase out when made by higher income taxpayers. b. Distributions of the contributions are taxable unless for qualified educational expenses. c. Any account balance must be distributed to the child at age 30 or rolled over to a family member. d. Contributions are not income tax deductible

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