Today, 5/29, is National College Savings Plan Day. 529s can be tax-advantaged savings options to help place resources toward a future student’s higher education. When education fees and costs come into play it is possible to use funds for qualified college expenses tax-free.*
Celebrate 5/29 Day with us by reviewing the benefits you could receive by utilizing a 529 plan.
- Federal Tax Advantages: Qualified 529 account earnings grow federal-tax free and qualified withdrawals are also tax-free.
- More Than Tuition: 529 resources can be used for a variety of higher education expenses such as room and board, school supplies, and computers.
- Use At Any Accredited School: Each institution administrated by the U.S. Department of Education should provide eligibility.
- An Above and Beyond Gift: The gift of an education is a special gift that can never be lost, stolen, or taken away. The ultimate experience!
*You should consult with a qualified tax advisor with respect to the various education benefits.