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Since 2018, Morningstar has named Virginia's Invest529 plan among the top 529 college savings plans in its annual analysis. [2] [3] [4] According to U.S. News & World Report, Virginia's 529 offers a "whopping" 27 funds and six multi-fund options in its static track. Further, US News reports that "Morningstar applauds the plan’s low costs ...
West Virginia’s plan, Smart 529 WV Direct College Savings Plan ... a tax-free withdrawal of money and even tax deductions on your state taxes. ... And the SECURE Act 2.0 made it even easier to ...
These college savings plans offer tax-deferred growth and tax-free withdrawals when used for qualifying expenses, which for post-secondary education include tuition, fees and books, as well as ...
Unlike other tax-advantaged accounts, there are no federal contribution limits on 529 plans. ... North Carolina, Vermont, Virgina, West Virginia. $550,000. States with the 5 lowest aggregate ...
Starting in 2024, unused 529 funds can be rolled into a Roth IRA tax-free, thanks to the SECURE 2.0 Act, giving families more flexibility with college savings.
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