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Virginia529 (VA 529) or Virginia529 College Savings Plan is the independent state agency responsible for Section 529 qualified tuition programs offered by the Commonwealth of Virginia. [1] Since 2018, Morningstar has named Virginia's Invest529 plan among the top 529 college savings plans in its annual analysis.
Only 2.5 percent of all families had 529 college savings accounts in 2013. [3] As of August 2020, more than $360 billion was invested in 529 college savings plans. [4] There are two types of 529 plans: prepaid plans and savings plans. Prepaid plans Prepaid plans allow one to purchase tuition credits at today's rates to be used in the future.
Image source: Getty Images. As of 2025, the contribution limits to 529 college savings plans range from a low of $235,000 to a high of $575,000. And here are the states with the highest ...
Unlike other tax-advantaged accounts, ... North Carolina, Vermont, Virgina, West Virginia. $550,000. States with the 5 lowest aggregate contribution limits ... A 529 college savings plan offers a ...
Virginia. $2,000 deduction, full amount of contribution for those over 70 ... This may be your best 529 savings plan option. However, Arizona, Arkansas, Kansas, Minnesota, Missouri, Montana and ...
“529 savings accounts are an incredible tool that provides savers with a combination of state income tax deductions, tax-deferred savings, and tax-free distributions for qualified educational ...
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