Navigating the 529 Landscape: Which State Offers the Best Plan for Your College Savings?
As families across the United States prepare for the rising costs of higher education, 529 plans have emerged as a popular and effective way to save for college. These tax-advantaged savings plans, named after Section 529 of the Internal Revenue Code, allow families to invest money that can grow tax-free and be withdrawn tax-free when used for qualified education expenses. However, not all 529 plans are created equal. With varying fees, investment options, and state tax benefits, the question arises: which state has the best 529 plan?