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 Mw508a Form 2014

Mw508a 2014-2025 Form

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Instructions and help about Mw508a Form

hi everyone jonathan from mifa here and this is 90 seconds with mifa today we're going to be talking about 529 college savings plans any way that you can save for college is a good way but 529 plans were specifically created to help families save for college and have tax advantages when used for college savings most states offer a 529 plan in massachusetts that's mifa's you fund and this is how it works you set up an account with an owner possibly a parent but not necessarily and a beneficiary who is the child next you put money into that account money is invested in the market in the u fund fidelity manages the investment and services the customer's accounts that money grows tax deferred when you access the funds as long as you use them on a qualified educational expense like tuition and fees room and board books supplies and equipment you pay no taxes on the earnings 529 funds can be used at any accredited school in the country and even some foreign in

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