Are you a grandparent, family member, or a friend who wants to contribute to a 529 account? Simply ask the account owner for their unique Ugift® code, which they can request online by logging in to their CollegeAdvantage Direct Plan account. Then go to www.Ugift529.com, enter the code, and make your 529 gift contribution securely from your bank account. It's that easy.
Write a check
Prefer to give your 529 contribution by check? No problem. Ask the account owner for their 11-digit account number. Include that in the memo line and make your check payable to the Ohio Tuition Trust Authority. Then all you have to do is drop it in the mail.
CollegeAdvantage Direct 529 Savings Plan
P.O. Box 219305
Kansas City, MO 64121-9305
State of Ohio tax deduction
If you are an Ohio taxpayer, you can also benefit from your 529 gift contribution. Deduct your CollegeAdvantage gift contributions from your Ohio taxable income. Contributions up to $4,000 per year, per beneficiary (made payable to the Ohio Tuition Trust Authority) can be deducted. Contributions over $4,000 can be carried forward to future tax years until fully deducted. For tax purposes, you must keep your own proof and record of contributions.