While there are no specific 529 plan contribution limits, most people consider the $19,000 annual gift tax exclusion to be the main contribution limit. 529 plans are tax-advantaged accounts that allow ...
The 2025 federal tax law risks making 529 plans more costly for states by increasing tax avoidance and allowing wealthy ...
Question: We just became grandparents and would like to set up a college fund for our new grandchild. We were recently advised that we could open a “Section 529” plan to safely invest for our ...
President Donald Trump's mega tax bill will expand the uses for 529 education savings plans, but enough limitations remain to potentially give some investors pause, some experts say. The legislation ...
Setting up a 529 account is one of the most tax-efficient ways to save for a child’s education. Superfunding such an account—making a lump-sum contribution of up to $95,000 if you're giving as an ...
Opening a 529 plan to save for your child’s college expenses can be a great way to build savings while reaping tax benefits. Some of the benefits of a 529 plan include tax free growth and tax free ...
The “big, beautiful bill” aims to expand qualified expenses for 529 plans to include SAT fees, trade school tuition and vocational certificates. Money, Getty Images A provision in President Donald ...
One of the primary concerns when raising a child is their education. While many students attend public or private schools, some parents might choose to homeschool their children for an alternative ...