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Type: Direct – this Florida 529 plan can be purchased directly.
Fund Family: Various
Minimums: To get started you can deposit $250 or set up a monthly payment plan of $25. Subsequent contributions of any amount can be made when it is convenient for you.
Maximum Contributions: Currently, you can contribute up to $418,000 to your Florida 529 plan. Of course, your total amount in the plan can be higher as your investments group. 529 plans typically increase the contribution limit over time, so you may be able to contribute more.
Tax Benefits: Earnings are exampe from State of Florida taxes. In and out-of-state participants get the federal tax benefits.
Residency: Most 529 plans are open to residents of the United States.
You can learn more about the this 529 plan at the official web site.
For more information about the Florida Prepaid College Plan, visit the official website.
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