Two recent legislative developments may enhance the attractiveness of Internal Revenue Code Section 529 savings accounts over other methods of saving for higher education expenses for certain individuals. One increased the kiddie tax age to 18; the other changed the federal financial aid treatment of 529 accounts. First, the Tax Increase Prevention and Reconciliation Act of 2005, signed into law May 17, provides that the kiddie tax now applies until a child reaches age 18. The kiddie tax, ...

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