529 Plan Mba
October 19th, 2007
Question: Tax savings for online MBA?
I am doing a online MBA from accredited university.
Can I put some money in Coverdell or 529 plans and pay the tuition fee from that account.
So that does it save some taxes ?
Answer: Putting money into the plan isn’t deductible. Growth while the money is in the plan is taxfree, so if it’s in for awhile and grows, that saves taxes.
Top Five 529 Myths – Aaron Skloff, AIF, CFA, MBA – CEO Skloff Financial Group
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