Key Points ・Funding a 529 plan with gifts is a fantastics way to save for college. ・Gift tax rules allow up to $19,000 per ...

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 ...

Several tax breaks can help you cover the high costs of education, future college expenses and interest you pay on student loans.

The AICPA Professional Ethics Executive Committee (PEEC) approved revisions to the "Section 529 Plans" interpretation (ET §1.240.070) of the Code of Professional Conduct's "Independence Rule." The ...

Vestwell has just strengthened its presence in New England as it secures an agreement to oversee one of Vermont's crucial state savings programs. The fintech firm announced it has been selected to ...

Some states offer deductions for 529 plan contributions up to certain limits. 529 plan contributions and qualified withdrawals are tax-free. If you pay state income taxes, you’ll need to report ...

529 college savings plans are operated by the states, which means that each state can set its own aggregate contribution limit. In simple terms, this is the maximum total amount of money that can ...

The states with the highest 529 plan contribution limits allow as much as $575,000 to be saved for a single beneficiary’s education. Depending on the type of school your child or loved one ...

The bottom line is that 529 savings plans have some of the highest contribution limits of any tax-advantaged investment accounts. And that's especially true in the states mentioned in the chart.

529 college savings plans are excellent ways to save for the educational expenses of loved ones (or even yourself) in a tax-advantaged way. Although 529 savings plan contributions aren't ...

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 ...