529 Day is 5/29
Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Wednesday, May 24, 2023
Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Wednesday, May 24, 2023
With Memorial Day falling on May 29th, we have the opportunity to remember the heroes of our past and take the opportunity to invest in the heroes of our future…our children. State Treasurer Colleen Davis once again joins the nationwide celebration of saving for higher education.
529 Day, which takes place every year on May 29th (5/29), is a day dedicated to promoting awareness and encouraging families to save for college through a 529 savings plan. These tax-advantaged investment accounts allow parents, grandparents, and other family members to save for a child’s education expenses, such as tuition, books, and housing.
“We believe that every child deserves the opportunity to pursue their dreams and achieve their full potential, and a DE529 savings plan can help make that a reality,” Treasurer Davis said. “I’m proud that our office sponsors the DE529 Education Savings Plan and takes the lead in raising awareness about the importance of saving for higher education.”
Contributions to DE529 accounts now come with additional benefits. “First State, First Steps” is an incentive program for Delawareans to start saving early. The pilot program provides for a $100 contribution to a DE529 Education Savings Plan account if:
Additionally, this year marked the first time that Delawareans filing their state tax returns could take deductions for DE529 contributions.
To help spread awareness of the DE529 Education Savings Plan, Treasurer Davis will host a community resource fair Thursday May 25, 2023, at the Wilmington PAL Center at 3707 North Market Street in Wilmington. The event is presented in partnership with Fidelity Investments, the Delaware NAACP, the Metropolitan Wilmington Urban League, the Police Athletic Club of Wilmington, and the UD Center for Economic Education and Entrepreneurship.
Members of the General Assembly joined in supporting education saving with the passage of HCR 47, sponsored by Rep. Krista Griffith and Sen. Trey Paradee, declaring May 29th DE529 Day in Delaware.
To learn more about 529 plans and how you can start saving for your child’s future, visit 529.delaware.gov.
Related Topics: 529 Day, college savings, DE529, DE529 Education Savings Plan, Delaware State Treasurer, Treasurer Colleen Davis
Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.
Here you can subscribe to future news updates.
Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Wednesday, May 24, 2023
With Memorial Day falling on May 29th, we have the opportunity to remember the heroes of our past and take the opportunity to invest in the heroes of our future…our children. State Treasurer Colleen Davis once again joins the nationwide celebration of saving for higher education.
529 Day, which takes place every year on May 29th (5/29), is a day dedicated to promoting awareness and encouraging families to save for college through a 529 savings plan. These tax-advantaged investment accounts allow parents, grandparents, and other family members to save for a child’s education expenses, such as tuition, books, and housing.
“We believe that every child deserves the opportunity to pursue their dreams and achieve their full potential, and a DE529 savings plan can help make that a reality,” Treasurer Davis said. “I’m proud that our office sponsors the DE529 Education Savings Plan and takes the lead in raising awareness about the importance of saving for higher education.”
Contributions to DE529 accounts now come with additional benefits. “First State, First Steps” is an incentive program for Delawareans to start saving early. The pilot program provides for a $100 contribution to a DE529 Education Savings Plan account if:
Additionally, this year marked the first time that Delawareans filing their state tax returns could take deductions for DE529 contributions.
To help spread awareness of the DE529 Education Savings Plan, Treasurer Davis will host a community resource fair Thursday May 25, 2023, at the Wilmington PAL Center at 3707 North Market Street in Wilmington. The event is presented in partnership with Fidelity Investments, the Delaware NAACP, the Metropolitan Wilmington Urban League, the Police Athletic Club of Wilmington, and the UD Center for Economic Education and Entrepreneurship.
Members of the General Assembly joined in supporting education saving with the passage of HCR 47, sponsored by Rep. Krista Griffith and Sen. Trey Paradee, declaring May 29th DE529 Day in Delaware.
To learn more about 529 plans and how you can start saving for your child’s future, visit 529.delaware.gov.
Related Topics: 529 Day, college savings, DE529, DE529 Education Savings Plan, Delaware State Treasurer, Treasurer Colleen Davis
Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.
Here you can subscribe to future news updates.