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 […]
Sends almost $44 million to 55 municipalities Using a secure process developed last year when the federal government sent American Rescue Plan Act of 2021 (ARPA) money to Delaware for its 55 non-county, non-metropolitan governments, the Office of the State Treasurer completed a second distribution to local municipalities to continue recovery efforts from the pandemic. […]
Delaware EARNS is a “secure choice” program that amounts to State-facilitated, universally available retirement savings plans, providing a convenient way for all workers to save for retirement, particularly middle and low-income workers who lack access to employer-sponsored plans and small businesses that are unable to provide such a benefit.
$529 payments available to qualified applicants Citing information showing nationwide, only about half of youth raised in foster care end up finishing high school, and less than 3% graduate from a four-year college, Delaware State Treasurer Colleen Davis announces the Aspire529 program. Aspire529 is a pilot program for youth in or aging out of the […]
A day to recognize the importance of saving for education As thousands of Delaware families prepare to celebrate high school graduations, many pair that joy with fear about how to pay for college. State Treasurer Colleen Davis reminds Delawareans that a DE529 account can alleviate that fear and that 529 Day is a perfect time […]