Section 529 plans are a terrific, tax-advantaged means of saving money for education expenses for children, grandchildren, and others.

The One Big Beautiful Bill Act (OBBBA) makes Section 529 accounts better than ever by vastly expanding the universe of education-related expenses the plans can be used for—and those changes are just in time for the upcoming school year.

Indeed, when you learn what’s new, you may want to consider establishing a Section 529 account for yourself.

What Are Section 529 Plans?

Section 529 savings plans (also called “qualified tuition plans” or “QTP accounts”) have been around since 1996. They are a great tax advantaged savings vehicle for education expenses.

All 50 states have established Section 529 plans (you don’t have to use the plan offered by the state you live in).

Taxpayers can establish a Section 529 account directly through a state’s 529 plan website or through some online brokers.

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