A 529 plan is a tax-advantaged account that can be used to pay for qualified education costs, including college, K–12, and apprenticeship programs.
Contributions to 529 college savings plans are made with after-tax dollars. Once money is invested in the account, it grows tax-free, and withdrawals from the plans are not taxed when the...
A 529 plan is an investment account that offers a tax-advantaged way to save for qualified education costs. The best 529 plans have low fees.
Planning to help your child pay for college? Consider a 529 college savings plan, so you can save on taxes now and their education costs in the future.
529 plans are flexible, tax-advantaged accounts designed for college savings. Fidelity manages plans for four states.
A 529 plan is a college savings plan sponsored by a state or state agency. Savings can be used for tuition, books, and other qualified expenses at most accredited colleges and universities.
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What Is a 529 Plan? ; A 529 plan, or "qualified tuition plan," is an investment account that provides tax benefits when the savings are used for qualified education expenses. These plans are most commonly used for college expenses but can also be used to pay for primary or secondary school tuition for the designated beneficiary. Anyone can be the beneficiary of a 529 account, provided that they have a Social Security or tax identification number, and anyone can open a 529 account since there are no income restrictions on these accounts. ...
Here’s what you need to know about 529 plans and how to use them to achieve your future college savings goals for your children.
The average balance of 529 savings accounts in the United States decreased among all age groups in 2023.