The Great California 529 Plans And Taxes
Posted by admin on February 26, 2008 in Finance :: Tax
Whenever you are using one of the California 529 plans, any earnings that are made from saving is exempted from any taxes by California. That means that any of the contributions made towards this account is nontaxable. Of course, there are other rules that apply to different plans, and you have to be sure to read up on all the plans before use. However, as you can see, this is one of the main reasons why people like the California 529 plans the best. No matter what plan you choose, be sure to read about it first so you know what you are getting yourself into. That way you know what to expect from your plan.
