In his Tax Tips column, Sidney Kess, a CPA-attorney and of counsel at Kostelanetz & Fink, writes that with the cost of tuition and related costs continuing to rise at a greater pace than the rate of inflation, and now that the stock market has improved, interest in 529 savings plans has returned. Despite the lack of deductibility for contributions, the plans offer significant tax breaks.
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529 College Savings Plans: Win-Win For Contributors and Beneficiaries
New York Law Journal
October 22, 2012
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