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The latter, the Texas College Savings Plan, is a qualified 529 college savings and investment plan offered through the state and managed by NorthStar Financial Services Group, LLC. [ 1 ] The Texas College Savings Plan is not backed directly by the state; However, Texas voters approved a constitutional amendment in 1997 that guarantees the plan ...
The College Savings Plan Network publishes comparative information about 529 plans offered in all 50 states. In Texas, for example, there are three: a Direct-Sold Savings Plan (Texas Colleges ...
529 plans are named after section 529 of the Internal Revenue Code—26 U.S.C. § 529.While most plans allow investors from out of state, there can be significant state tax advantages and other benefits, such as matching grant and scholarship opportunities, protection from creditors and exemption from state financial aid calculations for investors who invest in 529 plans in their state of ...
A 529 college savings plan offers a flexible and tax-advantaged way for parents to save for their children’s education. While there is no federal contribution limit, you should be aware of state ...
A 529 college savings plan is a special tax-advantaged account that lets parents, grandparents and just about anyone else save money toward a child’s education costs. ... Texas. No deduction or ...
A 529 plan is a college savings plan that provides tax advantages when used for qualifying purposes. A 529 plan is something like a Roth IRA or 401(k) plan designed for educational savings.
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