529 PLANS

529 News

Oregon removes its one-plan restriction

(May 17, 2013) - The Oregon 529 College Savings Network has removed a restriction prohibiting accounts with the same owner and beneficiary in both of Oregon's 529 college savings plans. Accounts with the same owner and beneficiary can now be opened with the direct-sold Oregon College Savings Plan and the broker-sold MFS 529 Savings Plan. IRS rules require plan administrators to combine multiple accounts for tax reporting purposes.

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