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President Trump’s massive tax bill, particularly for parents looking to stash away cash for K-12 expenses. First, a quick overview: 529 plans allow anyone — not just parents — to set aside money in an ...
Imagine you’re a diligent parent who, haunted by your own student debt, maxes out a 529 college savings plan for your kids ...
Earnings on 529 plans grow tax-free. This means that the more contributions you make, the more opportunity you have to build your or your loved one’s 529 plan without paying taxes.
Vermont taxpayers with an in-state 529 plan can receive the $500 upper limit in tax credit with a $5,000 contribution. The Best 529 Plans for 2025 Morningstar rates these plans as the top choices ...
But 529 plan contributions are subject to the federal gift tax exclusion, meaning you will need to report gift taxes if you contribute more than the 2025 amounts to a 529: Single filers up to $19,000.
The “big, beautiful bill” aims to expand qualified expenses for 529 plans to include SAT fees, trade school tuition and vocational certificates.
A 529 savings plan can be used to pay for your child's education, but it can also be used to fund their retirement.
The “One, Big, Beautiful Bill” would allow families to use 529 education savings plans to pay for career certifications, ...
After much speculation, the Big, Beautiful Bill has been passed, and there are several points that will directly impact the ...
While technically you can tap your 529 plan for whatever amount you want, only withdrawals made for 'qualified education expenses' will avoid taxes. These expenses include costs such as "tuition, fees ...