| Which statement about qualified tuition programs (529 plans) is TRUE? |
*
| Taxpayers may contribute on behalf of a nondependent. | |||
| Contributions are limited to $2,000 per student per year. | |||
| Contributions are deductible for federal income tax purposes. |
|||
| Earnings grow tax-deferred but are always taxed at distribution. |
|||
| Which statement about qualified tuition programs (529 plans) is TRUE? |
*
| Taxpayers may contribute on behalf of a nondependent. | |||
| Contributions are limited to $2,000 per student per year. | |||
| Contributions are deductible for federal income tax purposes. |
|||
| Earnings grow tax-deferred but are always taxed at distribution. |
|||
