INDIANAPOLIS – Indiana Gov. Eric Holcomb has highlighted the importance of saving for education with a proclamation establishing September 2023 as College Savings Month in the Hoosier state. To celebrate, one individual will be selected to win a $10,000 account deposit in the CollegeChoice 529 Education Sweepstakes.
To enter the free contest, individuals 18 years of age or older must go to collegechoicedirect.com/
CollegeChoice 529 provides account owners and gift contributors flexibility when it comes to saving for education after high school. Funds can be used at any eligible school or registered apprenticeship program, both in Indiana and out-of-state. Accounts grow tax-deferred and distributions are tax-free as long as the money is withdrawn to pay for qualified education expenses like tuition, books, computers, equipment, and fees.
Indiana taxpayers may also be eligible for an annual state income tax credit of 20% of contributions to their CollegeChoice 529 accounts, worth up to $1,500 each year ($750 for married couples filing separately).
For full contest rules and to enter, please visit www.collegechoicedirect.com/
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