http://blog.529s.com/last-chance-for-2008-tax-deductions/2008/12/30 529 College Savings Plans News Sat, 23 Apr 2011 10:23:06 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://blog.529s.com/last-chance-for-2008-tax-deductions/2008/12/30/comment-page-1#comment-85 Theresa Tue, 17 Feb 2009 07:35:17 +0000 http://blog.529s.com/?p=32#comment-85 We had our taxes done a few days ago, and the tax preparer at H & R Block tried to tell me that the only tax advantage of our 529 was that the interest was tax free. I withdrew $5000.00 last year for my sons' tuition, and am pretty sure that we should be able to write that amount or part of that off of our adjusted gross income, because withdrawls are tax free if qualified. Am I right? I have already been taxed on the money I put into the account since it was not taken out of my check pre taxed. What should I do? We had our taxes done a few days ago, and the tax preparer at H & R Block tried to tell me that the only tax advantage of our 529 was that the interest was tax free. I withdrew $5000.00 last year for my sons’ tuition, and am pretty sure that we should be able to write that amount or part of that off of our adjusted gross income, because withdrawls are tax free if qualified. Am I right? I have already been taxed on the money I put into the account since it was not taken out of my check pre taxed. What should I do?

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