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The College Savings Plan Network publishes comparative information about 529 plans offered in all 50 states. In Texas, for example, there are three: a Direct-Sold Savings Plan (Texas Colleges ...
The latter, the Texas College Savings Plan, is a qualified 529 college savings and investment plan offered through the state and managed by NorthStar Financial Services Group, LLC. [1] The Texas College Savings Plan is not backed directly by the state; However, Texas voters approved a constitutional amendment in 1997 that guarantees the plan ...
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 ...
A 529 college savings plan is a special tax-advantaged account that lets parents, grandparents and just about anyone else save money toward a child’s education costs. ... Texas. No deduction or ...
Texas. Washington. You can find more details about prepaid tuition plans and other 529 savings plans on each state’s college savings plan website. Bottom line.
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 ...
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