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COLLEGEADVANTAGE 529: THE GIFT THAT KEEPS ON GIVING

Thinking about the perfect gift to give that special child for the holidays? The Ohio Tuition Trust Authority is encouraging families to think about the gift of education with a CollegeAdvantage 529 plan. CollegeAdvantage is the perfect gift for a child … guaranteed to last a lifetime, and no batteries required!

Opening or adding to a CollegeAdvantage account is a simple and affordable idea for the holidays that is sure to please everyone in a child’s family, including the gift-giver. Rated one of the best 529 plans in the country by Morningstar, Inc., CollegeAdvantage offers tax advantages and quality investment options and can be used at any college in the country.

CollegeAdvantage is the one gift that lets both the giver and receiver win! Ohioans who contribute to a CollegeAdvantage 529 account by December 31 can deduct the contribution from their 2012 state of Ohio income taxes. Up to $2,000 can be deducted each year, per beneficiary, until it is all deducted.

The tax deduction is not limited to parents. Deductions can be claimed by anyone who contributes to a CollegeAdvantage account: grandparents, other family members and friends. So, this holiday season, invite your family and friends to give your children the gift of education. Go to the Forms page of our website and click on “Online Request Form” to request holiday gift cards to pass along to anyone who wants to give the gift that keeps on giving.