If you put money into a 529 collage savings account you can get a 20 % tax credit on your state taxes. I dont remember the limit but for filing married if im remember correct It had different amount li.its depending on how you file your taxes. We file married so can put in up to 10k for a $2,000 state tax credit. So basically you get a 20% discount or return at tax time. Single filers are half that amount.

529s grow tax free same as a roth and are. ot limited to only one child. So if you are thin about a good way to put some cash up for kids in your life this is a good one.

some other states also have incentives so if your not in Indiana look into what your state offers.

since its raining i was sitting down making plans on what needs done next week and adding up what I needed to put into my 529 got me thinking this could be hel to others here. I Had no clue about it untill last year when my kids broker told me about it. Perfect timing aimc my daughter was going to nursing school. I droped the limit in left it alone month took it out and paid it on school and got the $1500 max tax credit back from the state at tax time. The limits go up each year.

Hope this helps someone motivated and directed how to save some money for kids and themselves on taxes.