529 Education Savings Plans: Federal Action and State Policy Trends

This policy brief provides a detailed look at 529 education savings plans – investment accounts with tax advantages – including a breakdown of maximum annual dollar amounts and state tax deductions allowed, state responses to the Tax Cuts and Jobs Act, information on legislation in 2018 that changes eligible expenses allowed under 529 plans and a list of questions for state policymakers to consider when identifying the types of data they wish to collect on their existing 529 plans.