Qualified Withdrawals. If a Qualified Withdrawal is made from a STABLE Account, no portion of the distribution is includable in the gross income of the Beneficiary for purposes of federal and Ohio state income taxes. A Qualified Withdrawal is a withdrawal that is solely used to pay the Qualified Disability Expenses of the Beneficiary.
Appears in 3 contracts
Samples: Plan Disclosure Statement and Participation Agreement, Plan Disclosure Statement and Participation Agreement, Plan Disclosure Statement and Participation Agreement
Qualified Withdrawals. If a Qualified Withdrawal is made from a STABLE Accountaccount, no portion of the distribution is includable in the gross income of the Beneficiary for purposes of federal and Ohio state income taxes. A Qualified Withdrawal is a withdrawal that is solely used to pay the Qualified Disability Expenses of the Beneficiary.
Appears in 1 contract
Samples: Plan Disclosure Statement and Participation Agreement
