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A useful tool from its inception, the 529 concept has improved as the scope of its permitted use has grown.

A 529 or “qualified tuition” plan is federally authorized savings plan that you can use for a child’s or grandchild’s college tuition and other educational expenses. In most states, contributions to the plan are tax deductible (state), and the earnings in a 529 account are not subject to federal income tax.

Here are the features of

AZ529: Arizona’s Education Savings Plan

:

  • offers parents, grandparents, and students an opportunity to save for “qualified education” expenses – tuition, books, and room


Continue Reading A 529 Plan Can Help Cover the Growing Costs of a Child or Grandchild’s Education