* Out-of-state 529 plans are not tax-deductible. Here’s another reason to reconsider investing in these plans unless you know without a doubt where you’ll be sending your child to college.
Updated June 17, 2014 and originally published November 22, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.