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Tag Archives: 529 College Savings Plan

Obama abandons plan to roll back tax-free status of 529 college savings plans

After a national backlash that included criticism from Mississippi Treasurer Lynn Fitch, President Obama has backed off a plan to tax the popular  529 college savings plans. The Washington Post reported Tuesday night that Obama abandoned the tax plan after a mountain of criticism from lawmakers and parents alike. The Post characterized the rollback as “a major political miscalculation”  in ...

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