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Wisconsin residents can receive up to $5,000 (for 2024) in state tax deductions per beneficiary. West Virginia’s plan, Smart 529 WV Direct College Savings Plan. ... Can you lose money in a 529 plan?
The 529 plan must be open for at least 15 years before attempting the 529-to-Roth rollover. And funds deposited in the last five years and their associated interest are not eligible for this transfer.
The maximum amount that can be rolled over into a Roth IRA from a 529 plan is $35,000 per beneficiary, per account. But, for 2024, the total contribution can’t exceed $7,000 per beneficiary ...
The 2024 United States Senate election in Ohio was held on November 5, 2024, to elect a member of the United States Senate to represent the state of Ohio. Incumbent Democratic Senator Sherrod Brown lost re-election to a fourth term, being defeated by Republican nominee Bernie Moreno.
A special election to fill the remainder of the term is then held concurrently with that regular state election, which in this case would be the one on November 3, 2026. [2] [3] Governor Mike DeWine chose Jon Husted to replace Vance in the Senate. This will be the first U.S. Senate special election in Ohio since the one to this seat in 1954.
In Ohio, the state had to draw new legislative maps due to the Ohio Supreme Court repeatedly striking down maps prior to the 2022 elections. The state's seven-member politician commission unanimously passed new maps despite the commission's two Democratic members considering the maps to still be unfair. [12]
Finally, starting in 2024, families can roll unused 529 plan funds to a Roth IRA in the beneficiary’s name without triggering income taxes or penalties.This new rule, signed into law as part of ...
529 plans can be used for many college-associated expenses other than tuition.