The Tax Cut and Jobs Act approved expanded use of 529 plans to include tax-free distributions (after December 31, 2017) of up to $10,000 per year per student topay for tuition at elementary or secondary public, private, or religious institutions. 529 plans will continue to offer tax-free withdrawals for college expenses.
Helping families save for education.
The challenge of saving for education is one of the biggest financial demands most families will face.
Since offering one of the first advisor-sold 529 plans in the country, Putnam has been helping families across America build their futures. Our expertise in 529 plan administration, industry-recognized customer service, and 80 years of investing experience makes Putnam 529 for America an ideal choice for you.
Learn about the advantages of a Putnam 529 for America account and how it can help offset the potential burden of excessive student debt.