Education Savings Plans

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Education savings plans, such as 529 plans, provide tax advantages for saving for education expenses. 사물인터넷 관련주

529 plans are state-sponsored investment accounts that provide tax advantages when used for qualified education expenses.

Tax-Free Growth: Investments in a 529 plan grow tax-free if the funds are used for qualified education expenses.
Tax-Free Withdrawals: Withdrawals for qualified education expenses are not subject to federal income tax.
State Tax Benefits: Some states offer tax deductions or credits for contributions to a 529 plan.