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Concept
529 Plans
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Summary
A
529 Plan
is a
Tax-advantaged savings plan
designed to encourage saving for
Future education costs
, offering
Federal Tax Benefits
and, in many cases,
State Tax Benefits
as well. These plans can be used for a variety of
Educational Expenses
, including tuition, fees, books, and sometimes
Room And Board
, for both college and
K-12 Education
.
Concepts
Tax-Advantaged Savings
Education Savings
Federal Tax Benefits
State Tax Benefits
Qualified Education Expenses
Investment Growth
Higher Education Funding
K-12 Education Funding
Financial Aid Impact
Gift Tax Exclusion
Qualified Withdrawals
Relevant Degrees
Monetary System and Banking 71%
International Finance 29%
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