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.

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.

If you don’t need the money right away, keeping your money in the 529 plan until the market recovers and you can recoup your losses is a good option, says Autumn Knutson, founder of Tulsa, ...

A 529 plan is a great way to enjoy some tax advantages while you save up for college. But after all that hard work saving, you want to make sure you are smart about tapping those funds.

Once viewed narrowly as college savings tools, 529 plans have significantly evolved through a series of legislative changes. They are now among the most flexible and tax-efficient financial tools ...

House tax bill could let families use 529 college savings for K-12 costs, trade certifications, and vocational training ...

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 ...

529 plan for kids: College, public and private school . Currently, federal law allows tax-advantaged accounts such as Coverdell Education Savings Accounts (ESAs) or 529 Savings plans to help pay ...

A 529 plan is a tax-advantaged savings account dedicated specifically to saving for future education expenses. It's not just for college — these accounts can also be used to pay for trade ...

The Reconciliation Bill being debated in the Senate contains many tax provisions beyond extending portions of the Tax Cuts ...

Now thanks to the SECURE 2.0 Act, it's possible to roll up to $35,000 of unused 529 plan funds into a Roth IRA without incurring taxes or a penalty. So that is one way to deal with an overage.

Lt. Gov. Winsome Earle-Sears, a Republican candidate for governor in Virginia, says conservatives in Congress should follow Virginia's lead on tax relief for working families.