529 plan contributions and qualified withdrawals are tax-free. If you pay state income taxes, you’ll need to report 529 contributions on your tax return as well as any withdrawals for qualified ...

The 529 withdrawal is both tax-free and penalty-free at the federal level if the rollover meets all the requirements in the SECURE 2.0 Act. State tax treatment depends on the particular state you live ...

A 529 plan "is a tax-advantaged college savings ... the advantages, including favorable tax treatment, will outweigh any downside, including potential penalties for early withdrawals or for ...

Because of the favorable tax treatment, 529s are one of the best ways to save for education. Plus, 529 plans now benefit from two recent developments — the ability to roll over unused funds into ...

UTMA/UGMA accounts offer greater flexibility and broader asset ownership but lack the tax benefits and favorable financial aid treatment associated with 529 plans. 529 plans, while less flexible ...

When a child is born, parents tend to adjust their budgets to account for diapers, baby food and child care — not necessarily for the cost of the child’s college education years down the road.

529 savings plans may come with a slew of incentives ... or a state that recognizes identical tax treatment of any state's plan, a comparison of the plans themselves is all that is relevant ...