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  2. How to open a 529 college savings plan

    www.aol.com/finance/open-529-college-savings...

    In fact, even the person opening the 529 plan can be its beneficiary. 3. Open the account. Most accounts can be opened online. Once opened, you can deposit funds directly into the account, and ...

  3. 529 plan contribution limits for 2024: What college savers ...

    www.aol.com/finance/529-plan-contribution-limits...

    Originally designed for college expenses, 529 plans can now be used for K-12 tuition at private schools and apprenticeship programs. Funding a 529 plan may have immediate tax benefits in some cases.

  4. 529 plan vs. Roth IRA: Here’s how families can use both to ...

    www.aol.com/finance/529-plan-vs-roth-ira...

    While the maximum contribution in each state’s plan may differ, any contributions over the maximum gift tax exclusion – $18,000 for 2024 – could make you liable for gift taxes. In contrast ...

  5. 529 plan - Wikipedia

    en.wikipedia.org/wiki/529_plan

    Only 2.5 percent of all families had 529 college savings accounts in 2013. As of August 2020, more than $360 billion was invested in 529 college savings plans. There are two types of 529 plans: prepaid plans and savings plans. Prepaid plans Prepaid plans allow one to purchase tuition credits at today's rates to be used in the future.

  6. How My 529 College Savings Plan Worked For Me

    www.aol.com/finance/529-college-savings-plan...

    As an additional tax benefit, 37 states and the District of Columbia offer an annual state tax credit or deduction for contributions to 529 college savings plans. Less tax can mean more money for ...

  7. Guaranteed Education Tuition Program - Wikipedia

    en.wikipedia.org/wiki/Guaranteed_Education...

    The Guaranteed Education Tuition Program, or GET Program, is one of two 529 college savings plans administered by Washington College Savings Plans (WA529). WA529 is part of Washington Student Achievement Council, an agency of the U.S. state of Washington for residents of the state. GET is a 529 prepaid tuition savings plan, while Washington's ...

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