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Advocates of college savings plans have dubbed May 29 "529 Day," referring to the section of the Internal Revenue Code that authorizes the tax-favored accounts known as 529 plans.
A 529 plan can be used for college as well as for K-12 education. It can also be used for vocational and trade schools. ... But there are alternative ways to use the funds without incurring taxes ...
A 529 plan, also called a Qualified Tuition Program, [ 1] is a tax-advantaged investment vehicle in the United States designed to encourage saving for the future higher education expenses of a designated beneficiary. In 2017, K–12 public, private, and religious school tuition were included as qualified expenses for 529 plans along with post ...
Here are ten ways a 529 plan makes going to private school, vocational school, or an accredited college or university (in the U.S. or abroad) more affordable. anilakkus/istockphoto
Here are five of the top 529 plans: Ohio’s 529 plan, CollegeAdvantage. New York’s 529 plan, Direct Plan. Wisconsin’s 529 plan, Edvest. West Virginia’s plan, Smart 529 WV Direct College ...
Of course, there are other ways to avoid paying the high price of U.S. university tuition. Many European colleges are cheap or free and offer an alternative to a degree in the U.S. And the 529 ...
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