529 Plan Distributions and Tax Implications

January 14, 2021

Investing in a 529 plan can be an effective strategy to save for college. However, some situations around 529 plan distributions may have tax implications.  If you are considering taking a distribution, use this flowchart to help determine any potential liabilities.

Download the flowchart here.

Contact us for more information.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

The LPL Financial registered representatives associated with this site may only discuss and/or transact securities business with residents of the following states: AL, AK, AZ, CA, DC, FL, GA, IN, KY, LA, MI, MO, MS, NC, NV, NY, OH, SC, TN, TX, VA, WA, WI.

Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.