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West Virginia’s plan, Smart 529 WV Direct College Savings Plan. ... A 529 plan comes in two broad varieties — a prepaid tuition plan and an education savings plan:
So, if you’re paying tuition for grades K-12, you can take advantage of a 529 plan, too. The expansion of the program came about as part of the 2017 Tax Cuts and Jobs Act.
When selecting a 529 plan, you can choose between an education savings plan and a prepaid tuition plan. The best option depends on several factors, including your financial needs and preferences ...
A 529 plan comes in two major types: (1) a college savings plan, which allows you to invest money in potentially high-return assets such as stocks, and (2) a prepaid tuition plan, which allows you ...
529 plans can be a great way to save for education expenses on a tax-free basis. ... A prepaid tuition plan lets you buy college tuition credits to use in the future at today’s prices. A 529 ...
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 ...
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