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A 529 college savings plan offers one of the best vehicles to save for a child’s educational costs, both for primary school and college. While many families are still leaving billions on the ...
529 plans are named after section 529 of the Internal Revenue Code—26 U.S.C. § 529.While most plans allow investors from out of state, there can be significant state tax advantages and other benefits, such as matching grant and scholarship opportunities, protection from creditors and exemption from state financial aid calculations for investors who invest in 529 plans in their state of ...
Key takeaways. 529 plans are tax-advantaged accounts that allow a beneficiary to use the funds for qualified education expenses. Funds contributed to a 529 plan are allowed to grow tax-deferred.
It's important to know exactly how 529 plans work.
6. 529 plans aren’t just for college. While 529 plans are generally associated with university education, they can also be used for private primary and secondary schools, too. So, if you’re ...
529 plans can be used for many college-associated expenses other than tuition. 6 Ways You Can Use 529 Plans for College Expenses, And 1 Way That's Not Related to College at All Skip to main content
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