New York 529
Plans
New York offers two 529 college savings plans, a direct
plan called New York’s 529 College Savings Program, and an
advisor sold tuition plan called New York’s 529 College Savings
Program Advisor program.
New York residents get great tax deductions for investing in
their state's plans. Individual filers can deduct up to
$5,000 on their state income taxes while married filers can
deduct up to $10,000. Out-of-state savers still get the
federal tax benefits. To learn about New York's 529
plans, visit the links below:
> Learn about NY 529 NY
529 is a 529 plan using funds from Vanguard. Getting
started requires only a $25 contribution to your NY 529
account.
> Learn about NY 529
Advisor This 529 plan lets New York residents get tax
breaks when they invest -- and when they withdrawal. It
can be set up through an advisor.
> Find a
New York 529 financial advisor If you need help
setting up a 529 plan, contact a financial advisor in your
state.
> See other states' 529
plans Most 529 plans are open to residents of all
states. You should compare New York's plan to other
states to start saving for college wisely.
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