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College Resources & News from CFNC

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March 7, 2023

New Law Allows NC 529 Funds to be Used Tax-Free for Retirement

Families can now save for college and retirement at the same time with the NC 529 Plan, North Carolina’s National Education Savings Program. Starting in 2024, excess NC 529 funds can be rolled over tax-free into a Roth IRA for the beneficiary, thanks to a provision in the SECURE 2.0 Act.