529 News

Recent State News

Washington to launch new college savings plan

(April 12, 2016) - A bill was recently signed that allows the Guaranteed Education Tuition Committee to set up a new 529 college savings plan in the state of Washington by the end of next year. In addition, the GET prepaid tuition program, which was suspended last year, is scheduled to reopen by July 1, 2017.

Bill proposes to make Colorado's 529 tax deduction dependent on income

(March 24, 2016) - A bill was recently introduced which would modify Colorado's state income tax deductions based on a taxpayer's federal gross adjusted income, and eliminate deductions completely for taxpayers whose income is more than $500,000

Nebraska announces upcoming launch of Enable Savings Plan

(February 23, 2016) - Nebraska's Enable Savings Plan, scheduled to become available this summer, will allow Americans with disabilities to prepare for future costs of education and other expenses with a tax-free savings account. The plan is a product of the Achieving a Better Life Experience (ABLE) Act and will be one of the first of its kind offered to the public. The program manager is the First National Bank of Omaha.

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