Footnotes

Official source

1 The TIAA group of companies and Oklahoma 529 do not provide legal or tax advice. Please consult your tax or legal advisor to address your specific circumstances. ↩

Yes. Funds may be redeposited to your account within 60 days of the refund without penalty should a student need to withdraw from a class. The recontributed amount cannot exceed the amount of the refund.

The SECURE 2.0 Act of 2022, which included several significant retirement savings related enhancements, amended Section 529 of the Internal Revenue Code to allow for funds in long-term 529 plan accounts to be rolled over directly to a Roth IRA for the benefit of the 529 account beneficiary. For the rollover to be treated as a non-taxable event, certain conditions apply as referenced in Am I eligible to rollover funds from my 529 plan account to a Roth IRA? 1

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Footnotes

Official source

1 The TIAA group of companies and Oklahoma 529 do not provide legal or tax advice. Please consult your tax or legal advisor to address your specific circumstances. ↩

Yes. Funds may be redeposited to your account within 60 days of the refund without penalty should a student need to withdraw from a class. The recontributed amount cannot exceed the amount of the refund.

The SECURE 2.0 Act of 2022, which included several significant retirement savings related enhancements, amended Section 529 of the Internal Revenue Code to allow for funds in long-term 529 plan accounts to be rolled over directly to a Roth IRA for the benefit of the 529 account beneficiary. For the rollover to be treated as a non-taxable event, certain conditions apply as referenced in Am I eligible to rollover funds from my 529 plan account to a Roth IRA? 1