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A 529 plan is a state-run tuition account that your family can use to set aside money for a specific beneficiary's higher education, and that money won't be taxed.
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1. This is your only college savings plan 529 plan with state tax benefits. From which you can get tax benefits.
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2. The 529 requires little maintenance.
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3. This leads to higher contribution limits.
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4. There is only a marginal impact on financial aid.
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5. There is a lot of flexibility in this plan.
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