While you’re making big plans for your child’s education, Path2College 529 Plan is a great way to save for college.
The benefits of a Path2College 529 Plan:
Tax savings for Georgians
Any savings in a Path2College 529 Plan grow free of both federal and state taxes. That can mean a lot more money for your higher education expenses—as much as 25% more when compared to a taxable account.
Georgia taxpayers can enjoy double the state tax savings
Contributions are deductible for Georgia income tax purposes up to $8,000 per year per beneficiary for joint filers and $4,000 per year per beneficiary for all others. An incoming rollover from another qualified tuition program does not qualify as a contribution for income tax purposes. You should talk to a qualified advisor about how Georgia tax provisions affect your circumstances.
Use for more than just tuition
The Path2College 529 Plan can be used to pay for tuition, certain room and board costs, computers and related technology expenses as well as fees, books, supplies, and other equipment at a post-secondary school (i.e. college or university).
Flexible investment options
The Path2College 529 Plan offers 26 professionally managed investment portfolios to fit your life situation, risk tolerance and college savings goals.
Use at schools anywhere
Funds can be used at any accredited university, college or vocational school nationwide—and many abroad.