Earnings in 529s grow free from federal income tax when used to pay for qualified educational costs. Many states, like Oregon, offer a tax deduction for families saving in the state 529 plan. Yet tax incentives provide more benefit to people with higher incomes.
CSD conducted a webinar on assets and education on February 17th hosted by the Asset Funders Network.
States use a variety of 529 policy strategies to make it easier for low-and moderate-income families to save for college.
Through the College Savings Initative, CSD and the New America Foundation will examine innovative ways to create more inclusive 529 college savings plans.
The Federal Reserve Bank of St. Louis devoted a feature article in the spring issue of its publication, Bridges, to Child Development Accounts, an innovative tool for making long-term investments in children.
The Center for Social Development announces the publication of the March 2009 SEED Account Monitoring research report.