10 things you probably don’t know about college savings plans
|12/18/2018||Posted by BusinessMediaguide.Com under General World News||
- The 529 savings plan is a state-sponsored, tax-advantaged investment account open to anyone. The funds can be used to pay for undergraduate, graduate, technical, and trade schools.
- You can contribute up to $15,000 per year, per child, and per donor, or $30,000 if you’re married, without incurring a gift tax.
- Under the new tax law, you can use the funds in a 529 to cover K-12 education costs, up to $10,000.