Start saving for college (and even K-12 expenses) to take advantage of tax savings, and feel secure knowing you’re prepared. Plus, since both 529 and Coverdell plans allow you to change your beneficiary, you’ll have flexibility to provide for children’s different needs with the convenience of one account.
Compare Educational Savings Accounts
- Accessible for in and out of state K-12 tuition and college
- Custodian-owned for financial aid purposes
- Invest in state-created age-based securities portfolios
- No yearly contribution limits
-
Federal: No
Tax Deductible Contributions
State: Varies by state -
No
Income Limits
- Accessible for K-12 expenses, including special education and college tuition
- Select from a wide range of securities
- Student-owned for financial aid purposes
- $2,000 per child yearly contribution limit
-
Federal: No
Tax Deductible Contributions
State: No -
Yes
Income Limits
KIS does not give tax or legal advice. The comments regarding tax treatment in this material simply reflects our understanding of current interpretations of tax laws as they apply to the products covered in this material. Since tax laws are always subject to interpretation and possible changes, we recommend that you seek the counsel of an attorney, accountant or other qualified tax advisor regarding these matters as they apply to your particular situation.
Investment products are offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC-registered investment advisor. Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA). KIS and KIA are affiliated with KeyBank National Association (KeyBank).
Check the background of this firm on FINRA's BrokerCheck.
Investment and insurance products made available through KIS and KIA are:
NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE • NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY