The US 529 plan is a tax-advantaged savings plan that helps people save for education expenses. It is sponsored by states, educational institutions, or state agencies and authorized by the Internal Revenue Code. 

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Massachusetts 529

Massachusetts 529 plans offer tax-advantaged college savings. Prepare for your child’s education with flexible contribution and withdrawal options.

Maryland 529

Invest in your child’s education with Maryland 529 – the trusted way to save for college.

Maine 529

Prepare for college costs with Maine’s 529 college savings plan. Invest in your child’s future with this tax-efficient solution.

Louisiana 529

Invest in your child’s higher education with Louisiana 529 college savings plans. Tax-deferred growth and flexible contribution options.

Kentucky 529

Secure your child’s college education with Kentucky 529, a flexible and tax-advantaged plan.

Kansas 529

Explore Kansas 529 to secure your child’s future with a tax-advantaged college savings plan designed to support their higher education goals.

Indiana 529

Secure your child’s college education with an Indiana 529 plan – a tax-advantaged way to save for higher ed.

Illinois 529

Invest in your child’s future with the Illinois 529 college savings plan. Flexible options to fit your needs.

There are two types of 529 plans: 

• 529 savings plans Allow people to save for qualified college expenses, such as tuition, fees, room and board, textbooks, and computers.
• 529 prepaid tuition plans Allow people to prepay at today’s rates for eligible public and private colleges or universities.

529 plans offer several benefits, including:

• Tax advantages: Withdraw funds tax-free to cover qualified education expenses. 
• State tax benefits: Over 30 states offer tax deductions or credits for 529 plan contributions. 
• Gift tax benefits: Contributions up to a certain amount are not subject to the federal gift tax. 
• Estate tax benefits: Some plans may offer estate tax benefits. 

To open a 529 plan, you must be a US resident, at least 18 years old, and have a Social Security number or Tax ID. Anyone with a Social Security or Tax ID number, including the account owner, can be a beneficiary.