A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code. There are two types of 529 plans: prepaid tuition plans and education savings plans. All fifty states and the District of Columbia sponsor at least one type of 529 plan. In addition, a group of private colleges and universities sponsor a prepaid tuition plan.
Agency Owner: Securities and Exchange Commission
Document Type: Website
Information Source:
Date: 02/28/2021
Find help for your situation. Get mortgage help if you're struggling. Take action if you're in forbearance. Get help if you're a renter.
Agency Owner: Consumer Financial Protection Bureau
Document Type: Website
Information Source:
Date: 03/25/2021
Internal Revenue website with information on Economic Impact Payments and Coronavirus tax relief updates.
Agency Owner: Internal Revenue Service
Document Type: Website
Information Source:
Date: 04/21/2021
The CFPB is committed to providing consumers with up-to-date information and resources to protect and manage their finances during this difficult time.
Agency Owner: Consumer Financial Protection Bureau
Document Type:
Information Source:
Date: 03/31/2021
The CFPB has conducted research over its first five years into what makes financial education effective. We have summed up our findings into five principles that financial educators, financial coaches, and other practitioners can put into practice to help drive financial action and well-being.
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The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to educate investors about ABLE accounts.
An Achieving a Better Life Experience (ABLE) account provides a tax-advantaged method to save for disability-related expenses. Contributions are not tax deductible for federal income tax purposes, but your investments can grow tax free and remain so when withdrawn and used for disability-related expenses. Similar to 529 college-savings plans, ABLE programs are administered by the states. Many states have established ABLE programs and you may have the option to choose your own state’s plan.
Agency Owner: Securities and Exchange Commission
Document Type: Article
Information Source:
Date: 01/30/2018
An Achieving a Better Life Experience (ABLE) account is a type of tax-advantaged savings account that an eligible individual can use to pay for qualified disability expenses. The eligible individual is the owner and designated beneficiary of the ABLE account. An eligible individual may establish an ABLE account provided that the individual is blind or disabled by a condition that began before the individual’s 26th birthday.
Agency Owner: Social Security Administration
Document Type: Article
Information Source: Literature review
Date: 04/02/2018
These synopses are intended only as aids to the reader in identifying the subject matter covered. They may not be relied upon as authoritative interpretations.
Agency Owner: Department of the Treasury
Document Type: Guidance, Article
Information Source:
Date: 07/06/2015
Generally, the ABLE Act permits a state to establish and maintain a new type of tax-advantaged savings program (under Section 529A of the Internal Revenue Code). Contributions may be made to a 529A account established for a designated beneficiary to pay for qualified disability expenses.
Agency Owner: Department of the Treasury
Document Type:
Information Source:
Date: 11/27/2017
Be prepared before a disaster strikes your community or small business. As part of a series of focus groups, the Kansas City Fed has developed an array of materials to help you be prepared before and after a disaster. Toolkit includes financial inventory forms, checklists, resources and Spanish-language resources.
Agency Owner: Board of Governors of the Federal Reserve System
Document Type: Worksheets, Tools, Plan, Activity
Information Source: Focus groups and/or interviews
Date: 08/25/2017