College Savings Plan

New York's 529 College Savings Program

 

The New York State 529 College Savings Program is open to any U.S. Citizen or resident alien with a valid Social Security number or taxpayer identification number and a valid residential address that is not a post office box. The Program allows participants to save money for their selected beneficiaries (child, grandchild, friend, self, etc.) qualifying higher education expenses (tuition, books, supplies, etc.) at any eligible post-secondary school in the United States and abroad. New York State taxpayers can deduct up to $5,000 of contributions towards their 529 account on their state income tax return each year. Contributions can be made via payroll deductions.

For more information visit:

https://www.nysaves.org/
or call 1-877-NYSAVES

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