07/14/2026
TAX TIP TUESDAY: Education savings accounts like 529 plans can be a smart way to plan ahead, but the tax benefits depend on how funds are used. In many cases, withdrawals are tax-free when used for qualified education expenses—think tuition, fees, books, and certain required costs. Because state rules don’t always match federal rules, it’s important to confirm the details before taking a distribution. Keep receipts and account statements with your tax records so you can support the withdrawal if needed. Have questions about a 529 withdrawal or which education expenses qualify? Call Fineman CPA Group at (781) 821-2727.