Tax savings


When it comes to 529 plans, parents just don't understand

A study from Fidelity shows more parents are saving for college than ever before, but they are still confused about how 529 savings plans work. By missing out on these key benefits, including federal (and sometimes state) tax savings, and favorable financial aid treatment, they could be leaving money on the table.

| 529 plan | | financial aid | | tax savings |

15 states with the biggest 529 tax breaks

Saving for college? Check out your home states 529 plan. Here are the 15 states that offer residents the most generous tax deductions and credits for contributions.

| 529 | | tax savings | | |

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