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  Distributions from Section 529 plans used to pay for college expenses were scheduled to lose their tax-free status after 2010. The Pension Act makes the tax-favored treatment for 529 plans permanent.

  The age at which a child's excess unearned income is no longer taxed at the parents' rate has been raised from 14 to 18. Besides costing you more tax, this change might also modify how you fund your child's college education. Instead of shifting income-producing assets to a child, you may need to consider other options.

 



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