529 PLANS

529 News

Recent State News

The Kentucky Higher Education Assistance Authority issues RFP for investment manager

(April 3, 2018) - The Kentucky Higher Education Assistance Authority (KHEAA) has issued a Request for Proposals from firms interested in providing complete management services or just investment service for the state's direct-sold 529 savings plan. KHEAA will consider firms that offer direct- or advisor-sold investment offerings, and is also interested in offering an advisor-sold plan to participants.

For more information, click here.

New Jersey now considers K-12 tuition a qualified expense

(February 15, 2018) - New Jersey joins 12 other states in conforming to the federal tax code regarding 529 plan qualified expenses, which includes up to $10,000 in elementary and secondary tuition costs at private, public or religious schools. In New Jersey, qualified withdrawals from a New Jersey or out-of-state 529 plan are exempt from state tax.

Ohio doubles 529 state tax deduction for residents, increases rates on CDs

(January 11, 2018) - Ohio residents can now deduct up to $4,000 (any filing status) for contributions to an Ohio 529 plan for each beneficiary, up from $2,000.

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