QTP

(redirected from Qualified Tuition Program)
Also found in: Financial.
AcronymDefinition
QTPQuickTest Pro (Checkpoint Technologies)
QTPQuick Test Professional (Mercury Interactive)
QTPQualified Test Plan
QTPQuick Time Preferences
QTPQuad Tape Carrier
QTPQuick Time Player (Apple software)
QTPQualified Tuition Program (US IRS)
QTPQuick Time Performance
QTPQuetiapine
QTPQuantum Theory Project
QTPQualified Tuition Plan
QTPQualification Training Package
QTPQuality Teacher Programme
QTPQuoting to Preserve
QTPQuick Transaction Protocol
QTPQualification Test Plan
QTPQualification Test Procedure
QTPQuick Turn Programming (Microchip)
QTPQinghai-Tibet Plateau (China)
QTPQualified Transportation Program
QTPQuantum Test Program
QTPQuarterly Training Plan
QTPQualidade Total Politeno
QTPQuality Test Plan
QTPQuality Through Partnership
QTPQuesteq Technology Planning
QTPQuantum Thermodynamic Perturbation
QTPQueuing ToolPak (Microsof Excel)
QTPQuadratic Transportation Problem
QTPApproaching Intended Destination (radiotelegraphy)
References in periodicals archive ?
A qualified tuition program is a program established and maintained by a state (or agency or instrumentality thereof) or by one or more "eligible educational institutions" that meet certain requirements and under which a person may buy tuition credits or certificates on behalf of a designated beneficiary that entitle the beneficiary to a waiver or payment of qualified higher education expenses of the beneficiary (see below).
Assets in a Qualified Tuition Program (QTP) can be rolled over or transferred from one QTP to another.
If you are not a North Dakota taxpayer, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.
The Coverdell Education Savings Account (ESA) program and the Qualified Tuition Program (QTP/529) are similar in many ways.
3z) Qualified higher education expenses include tuition, fees, costs for books, supplies, and equipment required for the enrollment or attendance of the student at any "eligible educational institution," and amounts contributed to a qualified tuition program.
5) "Qualified higher education expenses" include tuition, fees, costs for books, supplies, and equipment required for the enrollment or attendance of the student at any "eligible educational institution," and amounts contributed to a qualified tuition program.
In addition, the Act also provides tax relief in the areas of distributions from a qualified tuition program and deductibility of travel expenses for Armed Forces Reserve members.
No tax is due on a distribution from a qualified tuition program, also called a "529 plan," unless the amount distributed is greater than the beneficiary's adjusted qualified education expenses, which are the beneficiary's qualified education expenses less any tax-free educational assistance.
Under IRC section 529, individuals may contribute to a qualified tuition program (QTP) on behalf of any beneficiary.
Laws that gave rise to the Qualified Tuition Program (QTP), aka 529 plan, restrict the type of investments that may be offered by QTP plan administrators such as Merrill Lynch and Alliance Capital.
If you are saving for a child's college education or planning to help a grandchild pay for higher education, you should consider a 529 college savings plan, also known as a qualified tuition program (QTP).
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