States that offer 529 plan grant programs - Saving for College

Jan 12, 2021 · State: California. Eligible 529 Plans: ScholarShare 529 529 Plan Grant: The ScholarShare 529 Matching Grant Program matches contributions dollar for dollar, up to $200; …

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States That Offer 529 Plan Grant Programs - Saving For College

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Jan 12, 2021 · State: California. Eligible 529 Plans: ScholarShare 529 529 Plan Grant: The ScholarShare 529 Matching Grant Program matches contributions dollar for dollar, up to $200; …

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529 Plans, Saving For College By State (2024) – Policygenius

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Jul 27, 2018 · Plan name: Minnesota College Savings Plan Minimum contribution: $25 per investment option or $15 per automatic payroll deduction Maximum contribution: up to …

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Best 529 Plans Of 2024: Compare 529 Plans By State - Business …

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Jul 18, 2024 · CollegeChoice 529 Direct College Savings Plan: $10: $0 in-state residents; $20 out-of-state residents, up to 0.24% management fee: $450,000: Iowa: College Savings Iowa: …

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10 Best State 529 Plans For 2024 – Saving & Investing For College

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Jun 13, 2023 · 5. NY’s 529 College Savings Program (Direct Plan): New York. Minimum Opening Balance: $0; Minimum Additional Contribution: $0; Maximum Cumulative Contribution: …

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Using A 529 Plan To Pay For K-12? These States Offer Tax Benefits

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Dec 8, 2023 · Any 529 savings plan can be used to pay for college or up to $10,000 per year in elementary and high school tuition, but some states offer savings options specifically designed …

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States That Offer The Best 529 Tax Advantages - The Balance

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Nov 29, 2022 · Indiana: Any contributor can claim a 20% tax credit on contributions up to $5,000 for a maximum credit of $1,000. Utah: The contributor can claim a 4.85% tax credit per …

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What Happens To Your 529 Plan If Your Kids Don't Go To College?

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Aug 29, 2024 · 1. Use the money to pay for non-college education. If you use 529 plan funds for non-education purposes, you'll face a 10% penalty on the gains portion of your withdrawals.

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FAQs about States that offer 529 plan grant programs - Saving for College Coupon?

How many 529 college savings plans are there?

Today, all states and Washington, D.C. sponsor at least one 529 college savings plan. Some states provide additional tax benefits by letting you make tax-deductible contributions up to certain limits. States that offer only one 529 plan. States that offer two 529 plans. Usually one will be a direct-sold plan and the other advisor-sold. ...

Which states offer a 529 plan?

Alaska - Alaska offers the Alaska 529 Plan for in-state residents and the T. Rowe Price College Savings Plan nationwide. Arizona - Arizona offers the Fidelity Arizona College Savings Plan and the Arizona Family College Savings Plan. Arkansas - Arkansas offers the GIFT College Investing Plan. California - California offers the ScholarShare 529 Plan. ...

Who can open a 529 college savings plan?

Anyone who is 18 or older with a valid Social Security or tax identification number can open a 529 college savings plan sponsored by any state. Some states sponsor their own scholarship programs, while other plans let anyone make tax-deductible contributions regardless of residency. Where Can I Use My 529 Plan? ...

Are 529 plans tax-free?

In any 529 plan, the earnings from your investments are tax-free, as long as you use the money for qualified education expenses. However, many states offer additional tax breaks if you invest in their plans, commonly in the form of state income tax deductions or credits. You must pay income tax in that state to benefit from perks like these. ...

What are state policies regarding 529 education savings plans?

State policies regarding 529 education savings plans impact a variety of issue areas across the P-20 education spectrum. These policies can reduce individuals’ state tax burden when saving for postsecondary expenses, thereby intersecting issues of college access and affordability. ...

Which state has the best 529 College and Career Savings Program?

Out of these seven states, the best may be Pennsylvania's 529 College and Career Savings Program ( PA529 ). Contributions to section 529 plans are deductible for purposes of the Pennsylvania personal income tax up to an amount equal to the federal gift tax exclusion. ...