Say you made saving for your kids’ college education a priority, but then grandma swoops in and pays for everything. What ...

529 plans are one of the best ways to save for your child's college education. These state-sponsored investment accounts offer tax-free earnings and withdrawals that can be used for tuition ...

By opening a 529 plan, you may be able to reduce future out-of-pocket costs and get a tax break on your state income tax return. You aren't necessarily limited to your state's 529 plan ...

Among the ways to support family members and maximize tax efficiencies are 529 plans. Because of their many potential benefits, 529 plans can be helpful for families when it comes to estate planning.

IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you ...

As the cost of college has increased, so has the usage of 529 plans — tax-advantaged investment accounts used to pay for education expenses. In 2008, the value of all 529 plans was $105 billion.

Converting an IRA into a 529 savings plan could help you leverage state tax incentives and save money. However, you may be penalized for moving the funds from one type of account to the other.

Here’s how to take full advantage of 529 college savings plans — and it’s not just parents who can enjoy the tax benefits either. These state plans offer college savers a solid combination ...

Some Americans are piling their college funds into cryptocurrency, rather than opting for traditional savings plans.

Santa Fe, NM, Jan. 08, 2025 (GLOBE NEWSWIRE) -- As families begin planning for 2025, a recent federal tax adjustment provides an opportunity for 529 plan contributors to jumpstart a child or ...

While you can’t avoid paying taxes altogether, there are several strategies that can help you lower your taxable income, maximize deductions, and take advantage of tax-deferred growth.