• 529 Plans are tax credit accounts that can be used to pay for education costs from kindergarten to graduate school.

  • There are two main types of 529 plans: educational savings plans and prepaid tuition plans.
  • 529 plans sponsored and administered by 50 states and the District of Columbia.
  • Rules and fees for 529 plans may vary by state.
  • 529 plans can be purchased directly from the government or through a broker or financial advisor.