Understanding 529 Plans and Education Provisions in Connecticut: Ownership, Distribution Controls, and Impacts on FAFSA/CSS
Introduction to 529 Plans 529 plans, named after Section 529 of the Internal Revenue Code, are specialized investment accounts designed to encourage savings for future education costs. These plans were developed to provide a tax-efficient way for families to save and invest for higher education. In Connecticut, residents are increasingly turning to 529 plans as … Read more