The state of Louisiana is located in the southern part of the USA. It has an intriguing history behind its name and is the 31st most populated state in the USA. The state was formerly a French colony and was given the name Louis XIV after the French king. The name Louisiana, which translates to “Land of Louis” in French, was chosen to pay homage to the French king.
Louisiana is known for several intriguing facts and trivia in addition to its name. The state’s start saving program is one example of this. The Louisiana Start Savings Program is a college savings program created to assist parents in setting aside money for their kids’ college expenses. It is a tax-advantaged savings program that enables parents to put money down for their child’s college expenses without having to pay taxes on the income.
A common misunderstanding is whether Louisiana Start is a 529 plan. Yes, Louisiana Start is a 529 plan, to answer your question. A 529 plan is a tax-advantaged savings vehicle created to assist parents in setting aside money for their kids’ college expenses. The start savings program is the Louisiana state 529 plan.
The origin of the nickname “Red Stick” for Baton Rouge is another fascinating Louisianan truth. The name of the city is a translation of the French term “le bâton rouge,” which translates to “the red stick.” The red pole that served as a divider between two Native American tribes is where the name of the place originates. The pole was given the moniker after being painted red to indicate that it was a boundary marker.
And last, a lot of people are curious about what Louisiana’s most popular last name is. Smith is the most popular last name in Louisiana. More than 34,000 persons in Louisiana have the last name Smith, according to census data.
In conclusion, Louisiana has a fascinating past and a wealth of information. Louisiana has a lot to offer, from its name to its start savings program and 529 plan. Louisiana is rife with interesting facts, from the history of Baton Rouge to the most popular last name in the state.
Yes, payments made to a Louisiana 529 plan are tax deductible up to $2,400 per beneficiary per year.