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Last updated at November 10th, 2020The NC 529 ® Plan gives you a tax-advantaged, straightforward way to start putting money aside for your child’s college future right now. With easy online or paper enrollment, you can start saving with as little as $25.
Status : OnlineMuch of the information you enter while creating a CFNC profile will fill in your NC 529 Account enrollment form. Tips. Use YOUR name (not your child's, grandchild's, or other person's for whom you plan to save) when you set up the CFNC profile. You must be 18 or older to open an NC 529 Account.
Status : OnlineNC 529: Contact Us Save for college, save on taxes A 529 Account is a tax-advantaged way to save and invest for education. 529 funds can be used for two- and four-year colleges, K-12 tuition, certain student loan payments, and more .
Status : OnlineYour CFNC login will give you access to our full family of resources to plan, apply, pay, and save for college.
Status : OnlineOffering the NC 529® Plan as an employee benefit helps your company and your employees. Employers have no setup fees or administration charges. Employees appreciate your support in making it easier for them to save for college. Your company simply decides whether to offer employees the chance to contribute to the NC 529 Plan through payroll deduction or suggest employees use automatic draft.
Status : OnlineTax-Advantages of NC 529. The greatest benefit of education savings plans is that funds grow tax-free. That means NC 529 earnings are exempt from federal and North Carolina state income taxes, when the money is used to pay for qualified education expenses. Those expenses include tuition, books, room and board, expenses for K–12 tuition, and more.
Status : OnlineWhether an NC 529 Plan is tax-deductible is a common question parents ask. While contributions are not tax-deductible, there are still important NC 529 tax benefits you can take advantage of when saving for your child’s education. Tax Advantages of NC 529 Plans. A key benefit to consider is that NC 529 earnings grow tax-free.
Status : OnlineNow you have a better idea of the qualified education expenses that can be paid for with a 529 plan. Remember to save all billing statements and receipts to prove the plan beneficiary used withdrawals for school-related needs. If you have more questions you can visit NC529.org or contact us at 800-600-3453.
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