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529 Plans for Elementary and High School Private Education

There are several financially sound ways to save for your child’s private education, including a 529 plan. ....

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End-of-year financial tips

As the end of the year approaches, you may be thinking about getting your finances in order. ....

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Supreme Court ruling on school choice could lift barriers in Maine, Michigan

States' restrictive anti-aid amendments stand squarely in the way of parents choosing religiously based schools for their children. ....

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Treasurer Davis Named to National Board to Help Families Save for Education

The College Savings Plans Network (CSPN) has nominated and confirmed Delaware State Treasurer Colleen Davis to its Executive Board. An affiliate of the National Association of State Treasurers (NAST), the CSPN brings together state officials who administer 529 savings plans which offer federal and state tax benefits for people to save for a child’s education. The group offers convenient tools and objective, unbiased information to help families make informed decisions about education savings.
“The cost of a quality education can take a major toll on families and that’s why I’m honored to be part of a group that can truly help,” said Treasurer Davis. “Our goal is to create awareness, understanding, and use of 529 plans to empower families to save for education.” ....

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529 plan tax deductions: Comparing 2021 benefits by state

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Thirty-four states offer tax credits or deductions on state income taxes for contributions.
Seven states also provide tax benefits if you use another state s 529 plan.
529 plans are state-sponsored investment accounts that allow parents to save for a child s education. The money grows tax-free within the account, and no taxes are due when the money is withdrawn as long as it s for eligible education expenses.
You are not restricted to your own state s plan. In fact, you can contribute to any state s 529 plan. However, if you set up a plan in your home state, you may be eligible for a tax break on your contribution. ....

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