First, 529 plan contributions are generally deductible on state tax returns if you live in a state that has an income tax.
Other contribution and tax considerations for 529 plans. The 529 plan has become a popular way to save for college expenses — ...
Say you made saving for your kids’ college education a priority, but then grandma swoops in and pays for everything. What ...
Contributions to a Roth IRA can be withdrawn penalty-free to open a 529 plan. 529 plans allow contributions to grow tax-free ...
A 529 plan is a state-sponsored account that offers tax-advantaged savings to cover college, trade and vocational courses and qualified K-12 expenses. It can be a powerful tool for saving for your ...
I’m a huge fan of 529 college savings plans, but perhaps not for the reason you think. You see, I live in a state (Indiana), ...
By opening a 529 plan, you may be able to reduce future out-of-pocket costs and get a tax break on your state income tax return. You aren't necessarily limited to your state's 529 plan ...
A new study finds that while these tax-advantaged savings plans are commonly associated with funding college tuition, many 529 savers may not realize the full range of expenses these plans cover.
The school year is now more than halfway over, and if you have young children, you’re one year closer to the day when they may be headed off to college. When that day arrives, will you be financially ...
The IRS updates tax brackets every year, so it's always a good idea to check whether you're close to one of the cutoff points ...
A provision of the SECURE Act 2.0 of 2022 that permits certain assets saved for education to be rolled over into retirement ...
Santa Fe, NM, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Education is a pathway to success—a pathway that often requires a funding strategy from families and students. Proactive savings through a 529 education ...