529 Education Savings Accounts
A tax-advantaged account that can help you save for college and other education costs, 529 plans are sponsored by each state—you can usually invest in any state’s plan but your state’s plan may offer an income tax deduction for contributions. Use the money—tax-free—to pay tuition, room and board, and other expenses at eligible post-secondary educational institutions and up to $10,000 per year to pay tuition for grades K-12, too.
What is a 529 Plan? How to Make the Most of It
Like many Americans, you may be missing out on significant tax advantages if you’re not using a 529 plan. But what exactly is a 529 plan? In short, a 529 plan is an investment account with tax advantages used to pay for primary, secondary, and higher education expenses.
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Like many Americans, you may be missing out on significant tax advantages if you’re not using a 529 plan. But what exactly is a 529 plan? In short, a 529 plan is an investment account with tax advantages used to pay for primary, secondary, and higher education expenses.
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