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 ...
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 ...
Here’s how to take full advantage of 529 college savings plans — and it’s not just parents who can enjoy the tax benefits either. These state plans offer college savers a solid combination ...
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.
Converting an IRA into a 529 savings plan could help you leverage state tax incentives and save money. However, you may be penalized for moving the funds from one type of account to the other.