Saving for College the Smart way - 529 Plans          


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 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.

Need Help?

Contact a 529 and college savings plan advisor in your area.

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