0
Many states provide income tax deductions for all or part of the contributions of the donor to a 529 plan. Also, the principal grows tax-deferred and distributions for the beneficiary's college costs are exempt from tax.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What do the numbers mean in a 529 college savings plan?
The 529 college savings plan helps people save money for college. The 529 comes from the Internal Revenue Service code section that created the savings plan in 1996. This plan is operated by the university or college.
What is a 529 Plan and what are the benefits of having one?
A 529 plan is a savings plan for future college expenses. It is usually open for children by parents and grandparents and maintained until they need it for school expenses.
When is the enrollment plan for a 529 college savings plan?
Year around
Where can I go to get some information on the 529 college savings plans?
A 529 college savings plan is a savings plan that is operated by a state or educational institution. You can find out more information at the following website: www.savingforcollege.com/intro_to_529s/
Invest in Your Child's Future With a 529 Plan?
A 529 savings plan is a special investment that is specifically designed to help you pay for your child's education. It is important to note that there are two types of 529 plans available: Pre-paid Plans- This is a 529 plan run by a specific college, and the money invested in such a plan is intended to be used at that university. College Savings Plans- This is a state run 529 plan. The savings in a state run 529 savings plan can be used at any eligible university in the country.
Do 529 College Savings plans adjust for inflation?
529 savings plans CAN adjust for inflation. This is usually based on the state your in and how large your savings plan is.
What information can you give me on a 529 savings plan?
529 Savings plans are designed to help someone save for college. Most 529 plans are state sponsored.
Which education savings plan is the value of the investment dependent on the performance of the stock market?
529 college savings plan
When is the enrollment period For 529 college savings plan?
Year around
A 529 plan apex?
answer: provides savings for a future college costs.
When is the enrollment period for a 529 college savings plan?
Year around
What are the requirements to qualify for a 529 College Savings Plan?
The 529 College Savings Plan has different requirements for each state. To see if you qualify for your state's requirements, you should check to see your specific requirements.
