new jersey 529 plan deduction
This comprehensive 529 plan comparison tool lets you compare over 40 features including investment options state income tax benefits and more. Similar to a 529 college savings plan 529 ABLE accounts are savings accounts administered by the statesMoney can be withdrawn tax-free when the funds are used to pay for qualified disability expenses.
The contribution limit for 2022 is 16000 the amount of the annual gift tax exclusion and many states have total contribution limits that exceed 300000.
. To easily compare 529 plan fees and performance try the 529 Consumer Comparison Tool. 529 ABLE 529A accounts.
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