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Taxable 529 distributions: Original post by Jeff Franco of Demand Media Many states allow their residents to participate in a 529 plan, also known as a qualified tuition plan, to either set money aside for their chosen beneficiary's educational expenses or to prepay tuition. The IRS, as well as the state in which you create the 529 plan, allows the funds you contribute to the plan to grow tax-free. However, the tax…

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