New 529 Plan Rules for 2025: What Parents NEED to Know Before Paying for College
New 529 Plan Rules for 2025: What Parents NEED to Know Before Paying for College
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The 529 plan is often overlooked, but it can be a smart way to save and invest for your kid's future. Here are a few important things to know: • Tax-free growth when used for qualified education expenses (tuition, books, and supplies) • Funds can be used for K–12 tuition, college, trade schools, and up to $10k in student loan repayment • High contribution limits (often $300k per child, varies by state) • Anyone (parents, grandparents, relatives, friends) can contribute • You stay in control of t
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