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Three Parts to 529 Success |
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The Taglich Advantage
Implement your 529 with
Our 4-Step Approach
(Click
Here) |
Sponsored 529 Plans
Sponsoring a 529 Plan gives your
employees even more benefits to help them achieve their savings
goals at little or no cost to you. Here are a few of the benefits
you can provide for your employees by sponsoring a 529 Plan: |
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More 529 Benefits |
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Discounted or Waived Maintenance,
Set Up Fees and Fund Loads
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Lower Contribution Minimums
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Deducting Contributions Directly
from Payroll
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Increased Choice in Providers
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No Income or Age Limitations |
High Contribution Limits
- As high as $303,000 - Varies per state
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Control over the Account |
State Tax Benefits |
- You may change Beneficiaries at any time
- Account remains in your control even after
beneficiary turns 18
- You decide when to take withdrawals
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- Certain states offer exclusions for
withdrawals for qualified expenses
- Certain states offer deductions for
contributions to a 529 Plan within that state. Amount of
deduction varies per state.
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Accepted Use of Funds |
Limited Financial Aid Impact |
- Account may be used for tuition, room, board,
books and other qualified expenses at any accredited secondary
or post secondary school in the United States
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- In EFC calculations - Account value assessed
at 5.6% rate for Parents
- Not assessed for Grandparents or other
account owners or if family qualifies for simplified EFC
formula.
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Estate Tax Benefits |
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- Gifts qualify for $11,000 Exclusion
- Accelerated Gifting of up to $55,000 in one
year1
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| 1 – Provided no other gifts are made to
that beneficiary and the donor lives through the same five-year
period. Special rules apply in the event of account owner’s death
within the five-year period that may cause reversion to estate. |
