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Who can be a 529 account beneficiary?

The beneficiary is the individual designated by the account owner as the beneficiary of the account at the time the account is established or the individual who is designated as the new beneficiary when the beneficiary of an account is changed. The beneficiary (i.e., the person whose education the account will fund) can be any age from newborn to adult and must be a U.S. citizen or resident alien with a valid Social Security or Taxpayer Identification Number. They do not need to be a family member. You can be a beneficiary of your own plan.  

 

 

 

 

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