Because of their many potential benefits, 529 plans can be helpful for families when it comes to estate planning.

You can also simply use a Roth IRA to pay for college without taking the step of converting the money to a 529 plan. As long ...

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 ...

However, school choices are limited, and you can only use the funds to cover your child’s tuition and fees. Prepaid tuition ...

What’s more, 529 plans have tax advantages for beneficiaries, and in some cases, for account owners as well. Trending Now: A 529 college savings plan is a special tax-advantaged account that ...

Contributions to a 529 education savings plan account for a beneficiary are considered gifts for tax purposes. In addition to benefits including flexible investment options and a range of qualified ...

“The IRS 2025 tax adjustments give families an opportunity to save even more for future education and help make contributing to a 529 education savings plan a helpful tool in planning ahead for ...

529 contribution limits are set by each state plan and generally apply a total account limit per beneficiary. They range from $235,000 to $597,000. Many, or all, of the products featured on this ...

There are no state residency requirements, but Illinois residents get tax deductions. You don't need to reach any minimums. With the CollegeAdvantage (Ohio) 529 plan, anyone can sign up.

Unilaterally withdrawing funds from 529 accounts to pay for non-education related expenses while a divorce action is pending ...