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How are the earnings in my CollegeAmerica account taxed?

April 26, 2017account collegeamerica Earnings TAXED

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How are the earnings in my CollegeAmerica account taxed?

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Earnings in a CollegeAmerica account grow free from federal income tax. Earnings on withdrawals used to pay qualified higher education expenses may be excluded from income for federal tax purposes.

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Earnings in a CollegeAmerica account can grow free from federal income tax. You may exclude the earnings on withdrawals used to pay qualified higher education expenses from income for federal tax purposes.