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529 tax benefits for California savers, with 100% tax-free growth on qualified withdrawals. Flexible 529 savings can be used for a wide range of higher education expenses and programs, in California and around the world. 1
California has one 529 college savings plan, ScholarShare 529, which is a highly rated 529 plan with low fees, a variety of investment options, strong historical performance and a matching grant program for residents.
Using a 529 plan can help you save tax-free dollars for college expenses. Here are the tax benefits you could get if you live in California.
ScholarShare 529 provides tax benefits for California families saving for college. Any earnings are tax-deferred, and withdrawals are tax-free when used for qualified higher education expenses. These tax advantages can add up and give your beneficiary an even bigger head start!
As a 529 Plan, ScholarShare 529 provides California families compelling income tax benefits. Although contributions are not deductible on your federal tax return, any investment earnings can grow tax-deferred.
Tax savings is one of the big benefits of using a 529 plan to save for college. On a federal-level, there is no tax savings for contributions, but qualified distributions are tax-free. Here are the special tax benefits and considerations for using a 529 plan in California.
ScholarShare 529. California's ScholarShare 529 is available to residents of any state. It offers a variety of investment options from TIAA-CREF, T. Rowe Price, Vanguard and others. While California does not offer a state tax deduction for contributions to the plan, Scholarshare allows contributions of any dollar amount, making it easy to get ...
California 529 plans offer the standard federal and state tax benefits, but do not offer any special state income tax benefits for contributions to California’s ScholarShare 529 plan.
529 plans are known for their tax advantages, but the benefits can vary by state. Learn whether California 529 plans offer any unique tax benefits.
California has one of the highest limits in the country for how much money you can save in a 529 plan. Fittingly, you can contribute up to $529,000 in total to California’s 529 plan. You can use the California 529 to pay for college expenses in any state.