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What is a 529 Plan?

A 529 Plan is a savings vehicle designed specifically for higher education expenses. The name “529” comes from Section 529 of the federal tax code, which authorizes states to offer the plans. There are two types of 529 Plans – Prepaid and Savings, and both Prepaid Plans and Savings Plans are authorized 529 college savings plans. Earnings in 529 Plans are tax-free when they are used for Qualified Higher Education Expenses. In general, qualified expenses include tuition, fees, room and board, and the cost of books, supplies and equipment required for the enrollment or attendance at an Eligible Educational Institution, including undergraduate, graduate, and vocational/technical schools.


Kid Sliding Through Sprinklers

Earn up to $50 toward college during the 529 Summer of Savings!

Now when you open a tax-advantaged Florida 529 Savings Plan, we’ll put $25 into your account. Set up monthly contributions, and we’ll add another $25.
Hurry, offer ends August 16!

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