Maine Account

State:
Maine
Control #:
ME-SKU-0735
Format:
PDF
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Description

Account Maine Account is a type of financial account created by the state of Maine to provide an easier way for residents to save for college. It is a tax-advantaged, low-cost 529 college savings plan that allows individuals to save for college expenses. It is designed to help Maine families save for college tuition, room and board, and other qualified expenses. Maine Account offers two types of plans: the Maine Education Savings Plan and the Maine College Savings Plan. The Maine Education Savings Plan is designed for families who want to save for K-12 tuition expenses, while the Maine College Savings Plan is designed for those who want to save for college-level tuition and other qualified expenses. Both plans offer tax advantages, including potential state and federal tax deductions. The Maine Account also offers additional features such as automatic deposits, investment options, and automatic rebalancing.

Maine Account is a type of financial account created by the state of Maine to provide an easier way for residents to save for college. It is a tax-advantaged, low-cost 529 college savings plan that allows individuals to save for college expenses. It is designed to help Maine families save for college tuition, room and board, and other qualified expenses. Maine Account offers two types of plans: the Maine Education Savings Plan and the Maine College Savings Plan. The Maine Education Savings Plan is designed for families who want to save for K-12 tuition expenses, while the Maine College Savings Plan is designed for those who want to save for college-level tuition and other qualified expenses. Both plans offer tax advantages, including potential state and federal tax deductions. The Maine Account also offers additional features such as automatic deposits, investment options, and automatic rebalancing.

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