While there are no specific 529 plan contribution limits, most people consider the $19,000 annual gift tax exclusion to be ...

Some states offer deductions for 529 plan contributions up to certain limits. 529 plan contributions and qualified withdrawals are tax-free. If you pay state income taxes, you’ll need to report 529 ...

529 college savings plans are excellent ways to save for the educational expenses of loved ones (or even yourself) in a tax-advantaged way. Although 529 savings plan contributions aren't deductible on ...

The 529 plan must be open for at least 15 years. You cannot convert 529 contributions made within the past five years (or the ...

529 plans, growing in value from $105B in 2008 to $509B in 2024, demonstrate rising popularity. The average 529 plan covers roughly 9% of college costs, with contributions varying by income.