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Two babies dressed up for Halloween. One is an grey elephant and the other a red fox.

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Visit Ohio 529 at Columbus Zoo's Boo at the Zoo Oct. 28-30

Saving for higher education isn’t scary. Let Ohio’s 529 Plan, CollegeAdvantage, explain how when you visit Columbus Zoo and Aquarium’s Boo at the Zoo Oct. 28-30

Your child can spin our wheel of fortune for a treat at our table located between Discovery Reef and Manatee Coast while you learn about some great tricks about saving in a 529 account.

Some of the 529 treats include: 1) tax-free earnings, which means that all the investment growth (including compound interest) is yours to use for your children’s future college costs; 2) tax-free withdrawals for qualified higher education expenses; and 3) Ohio residents who save in Ohio’s 529 Plan can deduct their contributions from their taxable state income. The Ohio deduction amount is $4,000 per year, per beneficiary, with unlimited carry forward. This means that  $4,000 is not a contribution cap. If an Ohio taxpayer contributes more than $4,000 in one year, they can continue to deduct $4,000 per year, per beneficiary, from their State of Ohio taxable income until all Ohio 529 Plan contributions have been deducted. 4) A 529 account can be used for whatever school comes after high school—including four-year colleges and universities, community colleges, tech, trade or vocational schools, apprenticeships and certificate programs.

Visit Ohio’s 529 Plan online to start saving today for your child’s future education with as little as $25. Learn, plan, and start with Ohio’s 529 Plan today at CollegeAdvantage.com

Posted on October 27, 2022

Ohio Tuition Trust Authority

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