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.
Tag: Margaret Clancy News
Webinar highlights CSD’s research on assets and education
CSD conducted a webinar on assets and education on February 17th hosted by the Asset Funders Network.
Sample state legislation promotes more inclusive 529s
States use a variety of 529 policy strategies to make it easier for low-and moderate-income families to save for college.
CSD launches new College Savings Initiative
Through the College Savings Initative, CSD and the New America Foundation will examine innovative ways to create more inclusive 529 college savings plans.
Child Development Accounts and CSD research featured by the Federal Reserve Bank of St. Louis
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.
CSD publishes new data on child savings
The Center for Social Development announces the publication of the March 2009 SEED Account Monitoring research report.