Which States Have the Best 529 Plans?
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529 plans by state
529 college savings plans serve as tax-advantaged vehicles that allow you to invest in your child’s future college education. Think of them as 401(k) plans for education. Simply put, you are contributing funds to a professionally managed investment portfolio that you can tap down the road. As you invest, your earnings grow tax-free. You can also withdraw your money any time without penalty as long as you use it to fund qualified higher education expenses like tuition and mandatory school fees at eligible institutions. Today, all states and Washington, D.C. sponsor at least one 529 college savings plan. Some states provide additional tax benefits by letting you make tax-deductible contributions up to certain limits.
Click here to see an interactive map of 529 plans by state.
States that offer only one 529 plan.