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Tax Deductions for Contributions to 529 College-Savings Plans
529 Plans Donating stock to a 529 plan isn't allowed, but your cash contributions may qualify for a state tax break depending on where you live.
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Saving for College 101: State-Sponsored College Savings Plans
Paying for College Both 529 and prepaid-tuition plans offer great tax advantages, but that's where the similarities end.
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Saving for College 101: Save in Your Child's Name
Paying for College Custodial accounts let you set aside money or other assets in a trust for your minor child. You manage the account, but you can't take the money back.
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How Custodial Accounts Are Taxed
taxes Investment income of more than $2,000 a year is taxed at the parents’ rate. If you plan to use the money for college, a 529 savings plan is a better way to go.
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The Best 529 College-Savings Plans
529 Plans State 529 plans usually trump other options. The right one for you depends on what kind of investor you are.
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Tax Breaks for Generous Grandparents
529 Plans Many states offer a tax deduction for contributions to a 529 college-savings plan to any resident, not just the parents.
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The 529 Plan Scholarship Exception
529 Plans You can withdraw up to the amount of a scholarship from your college savings plan without paying a penalty.
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Financial Aid for Older Adults Going Back to School
Paying for College You can apply for most student loans — and take advantage of tax breaks for education — at any age. Just be sure you can repay your debt before retirement.
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Rules for Deducting 529-Plan Contributions
529 Plans About two-thirds of the states offer an income-tax deduction for contributions to college-savings plans, but the rules vary.
529 Plans
