Benefits

  • Tax-advantaged account specifically designed for paying qualified education expenses
  • $2,000.00 annual contribution limit per beneficiary (virtually anyone can contribute)
  • Allowable contribution based on maximum adjusted gross income (MAGI)
  • Contributions are not tax-deductible, but qualified distributions are tax-free
  • Contributions must end when the beneficiary turns 18
  • Funds must be disbursed or rolled over by the beneficiary‚Äôs 30th birthday