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	<title>529 Plan and College Savings &#187; 529 plan continued</title>
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		<title>What Is a 529 Plan Continued</title>
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				<category><![CDATA[What is a 529 plan]]></category>
		<category><![CDATA[529 plan continued]]></category>
		<category><![CDATA[529 Plans]]></category>
		<category><![CDATA[what is a 529 plan continued]]></category>

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What are the tax advantages of 529 plans?
529 plans account balances grow tax deferred. Distributions from 529 plans for qualified educational expenses are federal income tax-free until 2011. They may be subject to state income tax. Distributions not for qualified educational expenses are subject to ordinary income tax plus a 10% penalty (paid by the [...]<p><a href="http://www.529-plan.info/2005/08/529-plan-continued/">What Is a 529 Plan Continued</a> is a post from: <a href="http://www.529-plan.info">529 Plan and College Savings</a></p>
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