New Tax Deduction for Contributions to Savings Plans
Act now to save money when filing your 2022 tax return next year Thanks to a new law enacted by the Delaware General Assembly, Delaware taxpayers have new opportunities to save money. Delawareans who save for school with the DE529 Education Savings Plan may qualify for a new tax deduction on their state returns. “While […]
Treasurer Davis to Help Fund New Education Accounts
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
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 […]
Give the Gift of Education this Holiday Season
The holiday season can be stressful as gift givers search for the perfect present. Add to that this year’s supply chain issues and possible toy shortages, and shopping for the holidays could be extra hectic. The DE529 Education Savings Plan will never be out of stock or difficult to find. “The best holiday gifts are […]
