Internal Revenue Code Section 529

18 2015 for not later than 60 days after the date of such refund.

Internal revenue code section 529. In the case of a refund of qualified higher education expenses received after december 31 2014 and before the date of the enactment of this act dec. For more detailed codes research information including annotations and citations please visit westlaw. A program shall not be treated as a qualified able program unless it provides adequate safeguards to prevent aggregate contributions on behalf of a designated beneficiary in excess of the limit established by the state under section 529 b 6.

Qualified tuition programs on westlaw. 529 a general rule a qualified tuition program shall be exempt from taxation under this subtitle. Use the lookup tool below to determine if a particular higher education institution is recognized as an eligible institution for purposes of section 529.

Findlaw codes are provided courtesy of thomson reuters westlaw the industry leading online legal research system. Notwithstanding the preceding sentence such program shall be subject to the taxes imposed by section 511 relating to imposition of tax on unrelated business income of charitable organizations. A qualified tuition program shall be exempt from taxation under this subtitle.

The path act change added a special rule for a beneficiary of a 529 plan usually a student who receives a refund of tuition or other qualified education expenses. Prepaid tuition plans and education savings plans. Internal revenue code 529.

Federal school code lookup gives you an easy way to determine if a particular u s. Notwithstanding the preceding sentence such program shall be subject to the taxes imposed by section 511 relating to imposition of tax on unrelated business income of charitable organizations. 529 plans legally known as qualified tuition plans are sponsored by states state agencies or educational institutions and are authorized by section 529 of the internal revenue code.

The plans are named for section 529 of the internal revenue code. 529 college savings plans are designed to help individuals and families save for college in a tax advantaged way. There are two types of 529 plans.