Implementation of Delaware EARNS to Begin
Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Thursday, August 18, 2022
Signing of HB 205 by Governor Carney allows for next steps Almost 150,000 Delaware workers got a step closer to secure retirement savings when Governor Carney signed HB 205, the Delaware EARNS Act, into law this morning. With the enactment of the legislation, the Office of the State Treasurer (OST) officially begins building the infrastructure […]
Celebrating National ABLE to Save Month
Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Friday, July 29, 2022
August marks “ABLE to Save Month,” and Delaware State Treasurer Colleen Davis wants to use the opportunity to celebrate Delawareans with disabilities and the freedom, independence, and possibilities their ABLE accounts provide. ABLE (Achieving a Better Life Experience) plans allow individuals with disabilities and their families to save for a broad range of expenses on […]
Money Still Available for Foster Youth to Pursue Higher Education
Newsroom | Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Thursday, July 21, 2022
Ten days remain before application deadline The application period for the new ASPIRE529 program, which provides $529 for foster youth aging out of the system to use for expenses related to continuing their education, closes July 31, 2022. “Many young adults face a lot of financial obstacles as they head out into the ‘real world’ […]
Treasurer Davis to Help Fund New Education Accounts
Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Friday, July 1, 2022
Qualified accounts to receive $100 contribution Continuing her commitment to make saving for higher education easier, Delaware State Treasurer Colleen Davis announces the “First State, First Steps” program. “I have said time and time again that it’s never too early to save for college and ‘First State, First Steps’ will help people get started,” Davis […]
Two State Sponsored Savings Programs to Bring New Tax Deductions
Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Thursday, June 30, 2022
With the signing of House Bill 145, Delawareans who make contributions to DE529 Education Savings Plan accounts, or DEPENDABLE accounts, will be eligible for a deduction from their federal adjusted gross income (AGI) when filing their income taxes. “Creating pathways to economic empowerment remains one of my top priorities for our office,” said State Treasurer […]
