Press Releases

College Savings Foundation Asks for Recall of 529 Tax Treatment Roll-Backs in White House Tax Proposal

January 20, 2015

PR-White-House-State-of-the-Union-2015 UPDATE: The College Savings Foundation is pleased that the President has withdrawn the proposal to roll back the tax incentives in 529 college savings plans. Thanks to the many middle class American families who reached out to Congress and the Administration, encouraging protection of 529 plan benefits. Your voices Continue Reading...

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Congress created 529 Education Savings Plans in 1996 under Section 529 of the Internal Revenue Code. They are state-sponsored, tax-advantaged vehicles for qualified post-secondary education expenses, such as tuition, fees, books, required supplies, equipment and room and board. There are two types of 529 Plans: savings plans, which allow families to save for expenses, and prepaid tuition programs, which generally allow families to make advance tuition payments to cover future attendance at a designated in-state public college or university system. Most states offer a 529 plan, and some states offer both savings and pre-paid plans.

A primary focus of CSF is building public awareness of and providing public policy support for 529 plans – an increasingly vital college-savings vehicle. CSF’s members include investment managers, broker-dealers, governmental bodies, law firms, accounting and consulting firms, and non-profit agencies that participate in the sponsorship or administration of 529 college savings plans.

College Savings Foundation
1100 North Glebe Road Suite 1010
Arlington, VA 22201

Phone: 703-224-8083
Fax: 703-224-8001
Email: khamor@collegesavingsfoundation.org