When you decide to invest in something as important as education, you don't want anything holding you back from achieving your goals - particularly taxes. As a 529 savings plan, BlackRock CollegeAdvantage gives you the ability to contribute, grow and withdraw your assets free from federal taxes as long as the funds are utilized for qualified higher education expenses, ranging from tuition and fees to supplies and equipment. This means you're not just saving - you're saving smarter.
Some states provide favorable tax treatment to their residents only if they invest in that state's respective plan. Before investing, investors should consider whether their home state, or that of the designated beneficiary, offers any state tax or other benefits that are only available for investments in that state's qualified tuition program. Consult your tax professional or financial professional with any questions.