Fidelity Viewpoints – 2780 Secret takeaways Distributions out of 529 agreements aren’t taxed from the federal top-providing you discover and you will realize all rules having being qualified costs. You’re going to have to report their 529 package investing on Irs, thus staying mindful information is important. Determine ahead of time just how it is possible to withdraw the cash and use him or her. You’ll also have to plan ahead for income tax loans your can get be eligible for, that could help you decide just how much simply take from the 529 account.