I have a 529 account in another state. What are the tax implications if I roll it over to a PA 529 account?

A rollover from a non-PA 529 account to a PA 529 account, if done within the rules, will not be taxed by Pennsylvania or the federal government at the time of the rollover. When the account is used, the normal rules governing withdrawals would apply. You should check with your other plan to see if they charge any penalties for rolling funds out of their account to another 529 plan. For out-of-state residents and for people who have previously completed rollovers for the same beneficiary, you should check with your tax advisor for additional considerations. Additionally, an amount rolled over from another 529 plan cannot be deducted from taxable income for Pennsylvania taxpayers, as most other contributions can be.

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The Pennsylvania 529 College Savings Program sponsors two plans-the Guaranteed Savings Plan (GSP) and the Investment Plan (IP). The guarantee of the PA 529 Guaranteed Savings Plan is an obligation of the GSP Fund, not the Commonwealth of Pennsylvania or any state agency. Before investing in either plan, please carefully read that plan's disclosure to learn more about that plan including investment objectives, risks, fees, and tax implications.