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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 ...
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code. There are two types of 529 plans: prepaid tuition ...
A 529 college savings plan is a state-sponsored investment plan that enables you to save money for a beneficiary and pay for education expenses. You can withdraw funds tax-free to cover nearly any type of college expense. 529 plans may offer additional state or federal tax benefits. 529 Investment Options.
A 529 is a tax-advantaged education savings plan designed to help students reach their full potential. A 529 plan is a tax-advantaged college savings plan designed to make post-secondary education more affordable for families. The Education Plan ® is the name of New Mexico’s 529 college savings plan.
529 savings plans are flexible, tax-advantaged accounts designed specifically for education savings. Earnings on contributions grow federal income tax-deferred, and withdrawals taken to pay for qualified higher education expenses such as tuition, fees, books, computer expenses, or room and board are free from federal income taxes.
In addition to the federal tax benefits, 100% of contributions to your 529 account with The Education Plan are deductible from your New Mexico state taxable income each year. New Mexico is one of only four states in the nation to provide an unlimited state tax deduction for contributions to its 529 plan. (The Education Plan is New Mexico’s ...
No matter what path they choose, it starts with a plan. A 529 account with The Education Plan can help children realize their dreams and reduce the burden of student loan debt. It’s a smart, tax-advantaged way to plan for the future. Tax advantages. Robust gifting options.
