Withdrawals from 529 plans or Coverdell Education Savings Accounts (ESAs) that are not used for qualified education expenses result in the loss of the tax exemption on withdrawals and may incur a penalty.

Authors

• Person: Not available Organization: TurboTax
  Tax-Advantaged Accounts: How They Can Boost Your Savings

Sources

• Tax-Advantaged Accounts: How They Can Boost Your Savings turbotax.intuit.com TurboTax via serper

Referenced by nodes (1)

• Plan A concept