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Higher Education: A Small Percentage of Families Save in 529 Plans

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Product Code: 9781493520640
ISBN13: 9781493520640
Condition: New
$18.29

Higher Education: A Small Percentage of Families Save in 529 Plans

$18.29
 
Paying for college is becoming more challenging, partly because of rising tuition rates. A college savings plan can be an option to help meet these costs. To encourage families to save for college, earnings from 529 plans-named after section 529 of the Internal Revenue Code-grow tax-deferred and are exempt from federal income tax when they are used for qualified higher education expenses. In fiscal year 2011, the Department of the Treasury estimated these plans represented $1.6 billion in forgone federal revenue. Managed by states, over one hundred 529 plan options were available to families nationwide as of July 2012.


Author: Government Accountability Office
Publisher: Createspace Independent Publishing Platform
Publication Date: Oct 25, 2013
Number of Pages: 68 pages
Binding: Paperback or Softback
ISBN-10: 1493520644
ISBN-13: 9781493520640
 

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