Tax advantages for Section 529 qualified tuition programs are here to stay
When you're planning for the future, investing in a child's education is a sound decision. Now, distributions from Section 529 qualified tuition programs are federal income-tax-free, as long as they're used to pay for qualified higher education expenses.
An Ameriprise financial advisor can help you set up and maximize the benefits of these accounts — for your children, grandchildren, or even nieces and nephews. Don't have an Ameriprise financial advisor? If you want to discuss how Section 529 tax advantages can help your kids, now's the perfect opportunity to arrange a complimentary initial consultation.