This description provides an overview of the benefits of investing in a 529 plan. A 529 plan is a tax-advantaged savings plan designed to encourage saving for future college costs. Contributions to a 529 plan grow tax-free and can be withdrawn tax-free for qualified higher education expenses. Additionally
From Wikipedia
A 529 plan, also called a qualified tuition program, is a tax-advantaged investment vehicle in the United States designed to encourage saving for the future higher education expenses of a designated beneficiary. In 2017, K–12 public, private, and religious school tuition were included as qualified expenses for 529 plans along with post-secondary education costs after passage of the Tax Cuts and Jobs Act.