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 Irs Form 1099 Q 2011

2011-2025 Form

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Instructions and help about Irs Form 1099 Q

hi i'm larry lee associate director for policy and planning for the guaranteed education tuition program i'll be leading you through today's tutorial tax matters and 1099-q faqs we often receive tax questions from our customers so we designed this tutorial to address the most common inquiries let's start with the tax and financial aid benefits of a get account first as a 529 prepaid college tuition plan the savings in your get account will grow tax-free once your child begins making withdrawals to pay for school the earnings remain tax-free as long as they are used to pay for eligible expenses second there are gift tax and estate planning benefits you can contribute up to fourteen thousand dollars per child per year twenty eight thousand if gifted with a spouse without incurring the federal gift tax you can maintain control of the get account but the value is not included in your taxable estate please review our program details guide and consult with a t

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