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Does New Mexico have a 529 Education Plan?
What is a 529 plan?
What are the benefits of a 529 plan?
Can I deduct 529 education savings from my state income?
The Education Plan, New Mexico's 529 education savings plan, is a smart way for New Mexicans to save small amounts that can grow significantly over time to cover future education expenses and reduce the burden of student loan debt.
The Education Plan® is a 529 education savings plan sponsored by New Mexico. The Benefits Of A 529 Plan With The Education Plan Include: Tax advantages. Robust gifting options. Flexible investment options. Open an account with just $1. Variety of uses and qualified expenses.
The Education Plan is a 529 college savings plan that is a tax-advantaged way to save and grow contributions over time to cover future education expenses and reduce the burden of student loan debt.
If you live in New Mexico, you can deduct contributions to New Mexico's 529 Education Savings Program from your state taxable income. New Mexico is one of a few states to offer an unlimited deduction to its residents. The state of New Mexico sponsors two plans: a direct-sold plan and an advisor-sold plan.
A 529 plan is a tax-advantaged education savings plan designed to make future education more affordable for families. The Education Plan® is a 529 education savings plan sponsored by New Mexico.
Offered by The Education Trust Board of New Mexico, The Education Plan is New Mexico’s official direct-sold 529 college savings plan. A 529 college savings plan is designed to help families pay for college and future education expenses.
For more information about The Education Plan, call 1.877.337.5268 or visit theeducationplan.com to obtain a Plan Description and Participation Agreement, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing. Please Note: Before you invest, consider ...
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related to: education plan 529 new mexicoBuild a Foundation for Your Grandchild's Future with a T. Rowe Price College Savings Plan. Contribute to Your Grandchild's College Savings Plan with the GoTuition® Gifting Portal.
