North Carolina's National College Savings Program is a program of the State of North Carolina, established and maintained by the State Education Assistance Authority (Authority) as a qualified tuition program under federal tax law, and administered by College Foundation, Inc.
What does QTP stand for?
QTP stands for Qualified Tuition Program (US IRS)
This definition appears frequently and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of QTP
We have 17 other meanings of QTP in our Acronym Attic
- Quadrupole Time of Flight
- Approaching Intended Destination (radiotelegraphy)
- Qinghai-Tibet Plateau (China)
- Quadratic Transportation Problem
- Qualidade Total Politeno
- Qualification Test Plan
- Qualification Test Procedure
- Qualification Training Package
- Qualified Transportation Program
- Qualified Tuition Plan
Samples in periodicals archive:
See the Qualified Tuition Program section of IRS Publication 970 for information about switching 529 beneficiaries.
QTP/529 The Coverdell Education Savings Account (ESA) program and the Qualified Tuition Program (QTP/529) are similar in many ways.
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.
State-Sponsored Savings and Prepaid Earnings in a QTP accumulate tax Qualified Tuition Programs (QTPs) free.
Investors should consider before investing whether their or their 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 and should consult their tax advisor.
The NC 529 Plan is a program of the State of North Carolina, established and maintained by the North Carolina State Education Assistance Authority as a qualified tuition program under federal tax law, and administered by College Foundation, Inc.
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.