When saving for education expenses, it's important to review each plan's features to determine which education savings account plan is right for you and your family. Income limitations, maximum yearly contributions, and tax consequences are just a few of the features that you will want to consider when choosing the right plan for you.
Comparing Various Education Savings Plans
Our Education Savings Account Comparison Chart helps you differentiate education savings plans to find the one that's right for you. The chart compares savings account features between 529 Savings Plans and the Coverdell Education Savings Account.
Take advantage of tax savings while planning for your family's future. Earnings are tax-deferred and contributions and withdrawals are free from federal tax. Plus, there are no income limitations and you retain control over the withdrawals.Details
Save for your family's education expenses with a tax-advantaged savings account. Your money grows tax-free and withdrawals are also tax-free. Contribute up to $2,000 each year for any child under age 18. Income requirements apply.Details
KIS does not give tax or legal advice. The comments regarding tax treatment in this material simply reflects our understanding of current interpretations of tax laws as they apply to the products covered in this material. Since tax laws are always subject to interpretation and possible changes, we recommend that you seek the counsel of an attorney, accountant or other qualified tax advisor regarding these matters as it applies to your particular situation.
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