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Under New York State law, these distributions are considered nonqualified withdrawals and will require the recapture of any New York State tax benefits that have accrued on contributions. NY 529 account owners in other states should seek guidance from the state in which they pay taxes.
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Save for your child’s future with a 529 plan from Scholar’s Edge. Get tax advantages and choose from an array of portfolio options.
The state in which you or your beneficiary pays taxes or lives may offer a 529 plan that provides state tax or other benefits, such as financial aid, scholarship funds, and protection from creditors, not otherwise available to you by investing in my529. You should consider such benefits, if …
New York has two 529 savings programs to choose from - a direct-sold plan featuring Vanguard mutual funds, and an advisor-sold program featuring funds from JPMorgan and SSgA. Both New York 529 plans are managed by Ascensus College Savings.5/5
New York's direct-sold 529 college savings plan is available to residents of any state. It offers low fees and diverse investment options featuring Vanguard mutual funds. New York residents may enjoy a state tax deduction for contributions to the plan.
Why choose New York's 529 Advisor-Guided College Savings Program for your clients? A flexible, tax-advantaged way to save No matter what your clients' needs or financial situation, the Advisor-Guided Plan offers a range of federal and state tax savings, estate planning and many other features that can make saving for college a more reachable goal for your clients.
529 Fit integrates with your business model to allow your customers or employees across the country to find a 529 plan suited to their situation and open an account. 529 Fit is designed to leverage your business’s unique offering and integrates into any partnership model.