Key Points ・Funding a 529 plan with gifts is a fantastics way to save for college. ・Gift tax rules allow up to $19,000 per ...

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Qualified 529 expenses are more broadly defined than many may assume. In addition to tuition, funds can be used for housing, meal plans, books, supplies, laptops and even internet service provided ...

Even if all of one’s children aren’t going (this sounds like the case for this Reddit user), perhaps it’d make sense to use the 529 plan on oneself! Indeed, you’re never too old to further ...

you have to enter the entire value of the 529 plan, even if you’ll only be using a small portion of it to pay for that child’s college expenses. This same issue exists even if you’re the ...

529 plans allow families and individuals to set aside money for educational expenses in a tax-advantaged account. But prospective students and their families may not realize the option even exists.

Before opening a 529 plan for a grandchild ... for the purposes of the grandchild's education," he says. "Maybe it's even due to marital reasons with that child, and they just want to make ...

“If you are the parent of the beneficiary, you can even use the funds for your own adult learning.” In addition, if the 529 plan beneficiary receives a scholarship, the amount up to the value ...

Even in cases where a family does have to pay a penalty, Kohn says it's often still a financially smart move to open a 529 college savings plan as early as possible. He says it can open up other ...