• Taking Advantage of Section 529 Plans for Higher Education
  • April 30, 2003 | Author: Amy J. Newnam
  • Law Firm: Schnader Harrison Segal & Lewis LLP - Philadelphia Office
  • Taxpayers who intend to finance a beneficiary's education expenses may want to consider using the recently amended Section 529 Qualified Tuition Programs ("Section 529 Plans"). Broadened dramatically by the passage of the Economic Growth and Tax Relief Reconciliation Act of 2001 ("EGTRRA"), Section 529 Plans offer tax-deferred, and in many cases tax-free, investment opportunities for education savings.