529 Plan: Saving for Education Expenses
Using a 529 Plan to Save for Your Children’s and Grandchildren’s Education Expenses
For a little more than two decades, people with ambitions of paying for their loved one’s college education have been able to set aside money into tax-favored accounts. The amount of money saved into the accounts was generally tax deductible on the state level. However, there are some states that do not allow tax deductions, but for our readers in Kansas and Missouri, your states do allow deductions.