• 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.

For the 2018-2019 school year, the College Board reports that the average cost of college tops $48,500 at a private school and over $37,400 for out-of-state read more >>>

Source:: BusinessInsider.Com