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21 January, 16:26

Which of the following is a tax-advantaged savings plan designed to encourage savings for future college costs?

A. 592 plan

B. University plan

C. 529 plan

D. Scholarship plan

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Answers (2)
  1. 21 January, 17:17
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    a 529 plan is the answer
  2. 21 January, 18:11
    0
    A. 529 Plan

    A 529 Plan is a tax-advantaged savings plan organized under Section 529 of the Internal Revenue Code to provide funds to grow tax-free in an account for future college costs. This allows families and friends to save for a college students' costs and allow the funds to grow tax-free for the future.
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