An education savings plan, sponsored by a state or institution, designed to help families set aside funds for future college costs. Any earnings in a 529 college savings plan are tax-deferred.

Each 529 college savings plan is sponsored by a particular state or group of states, and while each plan is a little different, they share many basic elements. When you invest in a 529 savings plan, any earnings in your account accumulate tax free, and you can make federally tax-free withdrawals to pay for qualified educational expenses, such as co [..]

A program, sometimes referred to as a “college savings plan,” established by a state as a “qualified tuition program” pursuant to Section 529 of the Internal Revenue Code. Under a 529 college savings [..]

A tax-advantaged way to save for future college expenses, such as tuition and housing.

529 College Savings Plans are state-sponsored investment plans that help families save money for college. The plans have tax benefits so savings can grow faster. The money in the accounts can be used [..]

A savings plan sponsored by a state to assist with saving money to cover the cost of educational expenses. Earnings grow tax-deferred, but contributions are not tax-deductible. Withdrawals for non-qualified educational expenses are subject to income tax and a 10% IRS penalty. Distributions may be taxable.

These state-sponsored college savings plans were established by the federal government in Section 529 of the Internal Revenue Code to encourage families to save more for college. They have important b [..]