Although 529 savings plan contributions aren't deductible on your federal income tax return, they can be deducted on state income tax returns in many cases. Plus, 529 savings plan contributions ...

A 529 plan is a tax-advantaged way for parents to save for their children’s education expenses. The IRS doesn’t impose a contribution limit on 529 plans, unlike for other tax-advantaged ...

Each state offers a 529 plan, providing families an opportunity to save for their child’s education. While this once only applied to colleges, the Tax Act of 2017 now allows contributions to be ...

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Over half of the states with plans offer a full or partial state income tax deduction or credit for 529 plan contributions, although some states limit the tax breaks to contributions to in-state ...

The SECURE Act 2.0 brings a slate of changes to retirement accounts and the way workers save for retirement. A summary of the Act can be found on the US Senate ...

While similar to the best custodial brokerage accounts, 529 college savings accounts have their own rules, contribution limits, and tax advantages. Make sure to thoroughly compare the top-rated ...

There is, however, an exception to this gift tax specifically for 529 plan contributions, which allows individuals to front-load a plan for up to five years at one time without having to pay the tax.