Submitted by Taileile t3_yichk9 in personalfinance
BouncyEgg t1_iuhyyth wrote
Reply to comment by BourgeoisieInNYC in Savings for baby (private school and college)- is a 529 worth it? by Taileile
> This is for all states not just WV right?
Correct.
Also note that while it is penalty-free, it is not tax-free.
You should expect to pay taxation at ordinary income rates on the gains.
BourgeoisieInNYC t1_iui1omt wrote
Thank you!
Viewing a single comment thread. View all comments