Ask Terry Questions WGN giving money for a baby towards college

WGN giving money for a baby towards college

By Terry Savage on August 05, 2023 | College Savings / Student Loans

7/26/23 WGN – discussion on giving money for a baby towards college which is tax free. I came into the middle of your recommendation. I am interested in this subject.

Terry Says

Please read this column on opening a 529 College Savings Plan. The money saved there grows tax-free for college in any state.
In Illinois, the website is www.BrightStart.com. If you’re an IL resident you get a deduction on your Il Taxes for up to $10,000 of contributions!

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