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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.
529 plan contributions and qualified withdrawals are tax-free. ... West Virginia. Full amount of contribution. Full amount of contribution. Wisconsin. $3,340 deduction. $3,340 deduction. Wyoming.
A 529 plan is a tax-advantaged way for parents to save for their children’s education expenses. ... Connecticut, Missouri, North Carolina, Vermont, Virgina, West Virginia. $550,000. States with ...
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.
A 529 plan gives consumers a tax-advantaged way to pay for education, and that’s a boon for parents and other family members who want to save for a child’s schooling. A 529 plan offers several ...
“Beyond this, starting Jan. 1, 2024, up to $35,000 in unused 529 funds can be rolled over to a Roth IRA for the 529 plan beneficiary subject to annual Roth IRA contribution limits and other ...
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