The end of a year and the beginning of a new year can cause many Americans to focus on the future -- and not just on their own future. It's a time when some look to what's ahead for their families.

With soaring costs, planning ahead for college is an especially smart move. Thinking about saving for your kids' or grandkids' college in a 529 plan? There's a big new perk in 2024 that you'll definitely want to know about.

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Source Fool.com