Other tax benefits for 529 accounts
529 plans offer special federal and state tax benefits. Any growth from investments in a 529 account are federal and Maine state tax-free when they’re used for qualified higher education expenses at eligible institutions.
Learn more about the ins and outs of Section 529 plans in our College Savings Guide:
College Savings Guide>>
Although FAME provides information about NextGen 529, FAME does not provide legal, tax or accounting advice. The information provided on the NextGenForMe.com website should not be relied upon for the purpose of tax planning or avoidance of any tax penalties that may be imposed under the Internal Revenue Code or applicable state of local tax law provisions. You should consult your tax and/or legal advisors before making any financial decisions.