which of the following choices are characteristics of qualified tuition programs, also known as 529 plans? (check all that apply.)
A) Tax Advantages: 529 plans offer tax advantages, such as tax-free withdrawals for qualified education expenses.
B) Education Expenses: Funds from 529 plans can be used for qualified higher education expenses, including tuition, books, and room and board.
C) State-Specific Plans: 529 plans are often administered by individual states, each with its own specific features and benefits.
D) No Contribution Limits: There are no federally mandated contribution limits for 529 plans, allowing for substantial savings over time.