An IRS form an individual receives if withdrawals were made from a 529 or Coverdell Education Savings Account (ESA) during the previous tax year. The form is used by the individual to fill out both federal and state tax returns.
Uncertain about what some terms mean? Although Virginia529 strives to explain 529 plans in a straightforward manner, some legal language, investment terms and acronyms still show up. So, if you find yourself scratching your head, here’s a glossary for the unfamiliar terms you may encounter.