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sonny2009
March 7, 2025
Question

529 t

  • March 7, 2025
  • 1 reply
  • 0 views
Under the secure 2.0act in 2024 you can roll from a 529 plan to a Roth IRA for the same beneficiary . This rollover is tax and penalty free providing a way to use leftover education funds for retirement savings . Meets all criteria 529 open for 15 years why does my Federal tax go higher

    1 reply

    M
    MayaD
    March 7, 2025

    If you didn't exceed the annual limit $7,000 for 2024, don't report the form on your return. Keep it for your record. 

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