Did You Know #6
529 plans come in two varieties: college savings plans and prepaid tuition plans.
June 2015
Monthly Archives
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Did You Know #5
Your 529 plan contribution qualifies for the $14,000 annual gift tax exclusion.
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Did You Know #4
Some states offer matching grants and other benefits to participants in its 529 plan.
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Did You Know #3
The account owner of a 529 plan maintains control over the use of the account.
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Did You Know #2
Earnings from 529 plans are not taxed when used to pay for eligible college expenses.
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Did You Know #1
529 savings plans can be used at virtually any accredited college or university in the U.S. and at some foreign schools.
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Did You Know post
Over the past decade, tuition and room/board at 4-year public universities have risen nearly 50%. View All
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It’s Graduation Season Again
By Paul Paeglis Executive Director, Ohio Tuition Trust Authority/CollegeAdvantage 529 June 8, 2015 Graduation season is the time of year when families and friends come together to celebrate accomplishments of […]
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529 Plan Advantages & Benefits
529 plans are designed to encourage early and consistent savings by offering an easy, affordable and convenient way for families to save for college. While the tax advantages are one […]
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what is a 529 Plan?
529 Basics
A 529 plan is a tax-advantaged investment plan designed to encourage saving for the future higher education expenses of a designated beneficiary (typically one’s child or grandchild). The plans are named after Section 529 of the Internal Revenue Code and are administered by state agencies and organizations.