I accidentally put $10K instead of $1K into my daughter’s 529 account — can I take out $9K now without a penalty?
Yahoo Finance·2025-10-05 10:45
The goal of 529 plans is to make it easier to save for college. These tax-advantaged investment accounts allow you to save and use the growth tax-free to pay for qualified educational expenses. Like most tax-advantaged accounts, however, there are rules about how much you can contribute — and what you can pull the funds for. That can create issues if you accidentally overcontribute. That's the situation Becky is facing after accidentally contributing 1,000 to her daughter's 529 account ...