Daughter on Dad's shoulder

Nice list? Naughty list? Either way, put them on the college-bound list.

Nothing makes a child feel better than your faith in them. And with the gift of a Minnesota 529 College Savings Plan account, you can show them you know they’re going places. And that feeling lasts a lot longer than a toy will.

There are a lot of reasons for you to feel great about a Minnesota 529 College Savings Plan:

  • Pays for tuition, room & board, books, computers and more
  • Funds can be used at eligible institutions throughout the U.S. and abroad
  • 100% tax-free growth1

The Minnesota 529 College Savings Plan is one of the lowest-cost plans in the nation:

You could reduce your taxable income up to $3,000 on your 2020 state tax returns for contributions made by 12/31/2020 or receive a maximum credit amount up to $500. Limitations apply.2

Plus it’s easy for friends and family to contribute to your child’s education:

Ugift is our new and improved service that makes it easy for friends and family to contribute:

  • - Invite friends and family using email or social media like Facebook and Twitter
  • - Receive a unique gift code dedicated to your account
  • - Printable certificates for any occasion
  • - Anyone can contribute electronically or by mail

1If the funds aren’t used for qualified higher education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.

2Minnesota taxpayers can reduce their state taxable income up to $3,000 if married filing jointly ($1,500 filing single) for contributions made into a Minnesota 529 College Savings Plan or may be eligible for maximum credit amount up to $500, subject to phase-out based on certain federal adjusted gross income thresholds.

Ugift is a registered service mark of Ascensus Broker Dealer Services, LLC.

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