About 529 Account
If you aren t sure whether to send your child to a Public or Private University and you want to leave your options open, then the 529 plan is a better choice. There are many great benefits to the 529 plan which include: When the money comes out for an accredited college, it is free of federal taxes. The money in the 529 plan grows tax deferred. Many states offer an upfront tax deduction on your contribution and a tax break when you take the money out (if you go with your state plan). The donor (usually the parent) has control.
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