Section 529 Program definition

Section 529 Program. A “qualified tuition program” established under and operated in accordance with Section 529 of the Code. “Single Fund Portfolio” A Portfolio for which assets are invested in one Underlying Fund.
View Source
Section 529 Program means a “qualified tuition program” established under and operated in accordance with section 529 of the Code.
View Source
Section 529 Program. A “qualified tuition program” established under and operated in accordance with Section 529 of the Code.
View Source

Examples of Section 529 Program in a sentence

  • A Participant may be required to provide certain documentation to the distributing Section 529 Program.

  • To authorize a rollover withdrawal by telephone, a Participant should have the following information available: (i) Account number; (ii) amount to be rolled over if not the entire Account balance; (iii) Portfolio(s) to be liquidated; and (iv) the name of the receiving Section 529 Program.

  • Amounts may be contributed to a ▇▇▇▇▇▇▇▇▇ ESA and a Section 529 Program in the same year for the account of the same Designated Beneficiary without imposition of a penalty.

  • Taxpayers receiving tax-free distributions from a Section 529 Program for Qualified Higher Education Expenses will not be able to claim an Education Tax Credit for the same expenses.

  • If the Participant effects a qualifying rollover, the withdrawal from the originating Section 529 Program account will not be subject to federal income tax, including the 10% additional federal tax, on earnings.

  • Until a statement issued by the distributing Section 529 Program, trustee or custodian of the ▇▇▇▇▇▇▇▇▇ ESA or financial institution that redeemed the U.S. savings bonds showing the principal and earnings portion of the Contribution is received, the Program will treat the entire amount of the rollover Contribution as earnings in the receiving Account for tax purposes.

  • Unless coming directly from another Section 529 Program, rollovers require the liquidation of assets and the contribution of cash to an Account.

  • If an Eligible Institution of Higher Education refunds any portion of an amount previously withdrawn from an Account and treated as a Qualified Withdrawal, unless such refunded amount is contributed to a Section 529 Program for the same Designated Beneficiary not later than 60 days after the date of the refund, the distributee may be required to treat the amount of the refund as a Non-Qualified Withdrawal for federal income tax purposes.

  • The Section 529 Program from which you are transferring funds may impose other restrictions or fees on rollovers.

  • Provided appropriate documentation is received by the Section 529 Program receiving the rollover, the portion of the rollover which represents earnings will be added to the earnings portion of the receiving account and amounts representing Contributions will be added to the contribution portion of the receiving Section 529 Program account.


More Definitions of Section 529 Program

Section 529 Program means a “qualified tuition program” established under and operated in
View Source

Related to Section 529 Program

  • PEBB program means the program within the HCA that administers insurance and other benefits for eligible employees (as described in WAC 182-12-114), eligible retired employees (as described in WAC 182-12-171 and 182-12-180), eligible survivors (as described in WAC 182-12-180, 182-12-250, and 182-12-265), eligible dependents (as de- scribed in WAC 182-12-250 and 182-12-260) and others as defined in RCW 41.05.011.

  • AML Program has the meaning ascribed thereto in Schedule 2.1(F)(8) hereof.

  • Independent living program means a program designed to assist a juvenile to enhance skills and abilities necessary for successful adult living and may include but shall not be limited to minimal direct staff supervision and supportive services in making the arrangements necessary for an appropriate place of residence, completing an education, vocational training, obtaining employment or other similar services;

  • Marketing program means a program established by order of the director pursuant to this act prescribing rules and regulations governing the marketing for processing, distributing, selling, or handling an agricultural commodity produced in this state or agricultural commodity input during a specified period and

  • Transitional living program means a residential program that may be attached to an existing facility or operated solely for the purpose of assisting children to develop the skills and abilities necessary for successful adult living. The program may include, but shall not be limited to, reduced staff supervision, vocational training, educational services, employment and employment training, and other appropriate independent living skills training as a part of the transitional living program;