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re: 529 and START for LA residents
Posted on 9/15/23 at 11:29 am to glorymanutdtiger
Posted on 9/15/23 at 11:29 am to glorymanutdtiger
Can you school a dummy who hangs out on the OT and Outdoor board? I currently participate in START for my kids....I don't understand the 2% match you mention. I understand the 6% you are referring to is the fact that the tax is defferred (so you are avoiding the 6% now) however, dont you have to pay tax on earnings when you withdraw it?
1
Posted on 9/15/23 at 12:34 pm to fkmonark25
quote:
.I don't understand the 2% match you mention
Louisiana pays an "earnings enhancement" of 2% - 14%, depending on income level, on money deposited into the acccount.
You do not pay taxes on earnings IF you use the money for qualified educational expenses.
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