Taxation of earnings and withdrawals. 1  Earnings are free from federal income tax if used for qualified expenses before the student turns age 30 (exception for children with special needs). 2  Withdrawals are free from federal income tax if used for qualified expenses.
Features. Glycerine (glycerin), also known as glycerol, is a thick, colorless, odorless, sweet liquid. It is used to sweeten and preserve food, in the production of cosmetics, and in various household products.
Glycerol (also known as glycerin) is a major byproduct in the biodiesel manufacturing process. In general, for every 100 pounds of biodiesel produced, approximately 10 pounds of crude glycerol are created. As the biodiesel industry is rapidly expanding, a glut of crude glycerol is being created.