What is National 529 Day?
National 529 Day is May 29th, reminding families and friends that it has never been simpler to plan for a child's future. You can help your child prepare for whatever path they choose by contributing to a 529 savings plan. On the federal level, earning income tax increases, and in most states, if savings are withheld to pay for qualified tuition and other expenses, education remains tax-free.
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529s are one of the most cost-effective and attractive ways to save, according to this article. Here's why 529s are one of the most adaptable and attractive ways to save.
- These can be used for 4-year or community colleges, career and technical schools, and registered apprenticeships. They can cover those costs that add up, such as room and board, fees, textbooks, and computers, in lieu of tuition and fees. They can be used for accredited institutions in other countries
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