The “One, Big, Beautiful Bill” would allow families to use 529 education savings plans to pay for career certifications, ...

Both a Roth IRA and a 529 Plan are valid ways to save for a college education. Each has unique benefits and limitations.

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.

An ISS Market Intelligence report last year showed a 19 percent year-over-year increase in 529 account sales during the second quarter of 2024, with total assets growing by 13.3 percent to $483.7 ...

Some states even offer tax parity, extending the tax benefits to contributions made to any 529 plan, not just the in-state option. Browse and compare 529 plans by state.

Moving IRA funds into a 529 plan could trigger fees, ... Should I convert my Roth IRA into a 529 plan? Mia Taylor. February 10, ... they have different rules and tax implications.

Contributions to a Roth IRA can be withdrawn penalty-free to open a 529 plan. 529 plans allow contributions to grow tax-free and provide tax-free distributions for qualified education expenses ...

Coverdell ESA vs. 529: ... securing your child’s future through an educational savings plan becomes more critical. Coverdell ESAs and 529 plans are two popular tax-advantaged education savings ...

Internal Revenue Code Section 529 college savings plans are state sponsored plans designed to encourage residents to save for college. Skip to content All Sections ...

An UTMA/UGMA 529 plan is a college savings account funded with ... once the money is in the 529 plan, you’ll start to enjoy some tax ... and it may also have some negative tax implications.

In the latest "Ask the Hammer" segment, Jeffery Levine addressed a reader's query about super funding a 529 plan and its implications on gift tax filing requirements.