06/01/2026
🎓💸 Graduation season is here, and many families are preparing for the next step in their student’s education journey. A 529 plan, also called a qualified tuition program (QTP), helps families save for higher education expenses with tax-free earnings and withdrawals when used for qualified costs, including:
• Tuition and fees
• Books and supplies
• Equipment required for enrollment
• Certain room and board costs
Whether your graduate is headed to college or an eligible career training program, a 529 plan can help cover qualified education expenses. Learn more in Publication 970: www.irs.gov/pub970