SECURE 2.0 lets families roll up to $35,000 of unused 529 funds into the beneficiary's Roth IRA tax-free. Here are the six rules every rollover must satisfy, the two mistakes that turn it taxable, the state-level traps, and the four strategies that make the rule genuinely useful.
SECURE 2.0 lets the beneficiary of a 529 plan roll up to $35,000 of unused college savings into a Roth IRA tax-free and outside Roth income limits, provided the account is 15+ years old, contributions are 5+ years seasoned, and the beneficiary has earned income. This guide walks through the five federal tests, the state tax clawbacks that can erase the benefit, and a clean five-year execution plan.
Self-employed professionals can deduct work-related education that maintains or improves current job skills, but classes that qualify you for a new trade fail the IRS test under Topic 513. Here is how to apply the rule, document each expense, and report it correctly on Schedule C in 2026.
A comprehensive accounting dictionary covering 44 essential terms every business owner should know, organized by category: bookkeeping basics, core accounting concepts, tax terminology, business structures, and financial ratios.
Growbi revolutionizes math practice for SSAT and ISEE preparation with its AI-powered platform, offering personalized learning experiences at a fraction of traditional tutoring costs.
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