529 plan

Tax System

A tax-advantaged savings plan for education expenses. Contributions grow tax-free and withdrawals are tax-free when used for qualified education expenses.

Learn about this term

Unit 09: education

Tax System

Related Terms

Qualified education expense

Costs that qualify for education tax benefits, generally inc...

AOTC (American Opportunity Tax Credit)

A partially refundable tax credit worth up to $2,500 per yea...

Lifetime Learning Credit

A nonrefundable tax credit worth up to $2,000 per year for q...