Score big at tax time with up to $3000 in state tax deductions

when you open a MNSAVES 529 account. Limitations apply.1

Get Started

Tax benefits of a MNSAVES 529 account

Step OneStep One

State Tax Deduction

Qualify for a state tax deduction up to $3,000 if married filing jointly, ($1,500 filing single) for contributions made into a MNSAVES account. Limitations apply.1

Step TwoStep Two

100% Tax-Deferred Growth

Any earnings grow tax-deferred. When you pay fewer taxes, you can earn more and grow your account faster.

Step ThreeStep Three

Tax-Free Withdrawals

Withdraw tax free for all qualified education expenses at accredited universities, colleges or trade schools for tuition, room and board, books, computers and more.

Why a
529 account?

Your plan is financial aid friendly

Your 529 account is viewed as a parental asset for financial aid purposes and counts less against aid eligibility than the same funds held in your child’s name.2

Your child gets more opportunities

Savings can be applied to any accredited colleges or university across the country and abroad, as well as at trade schools, community college and technical institutions.

You have more control

You’re never locked in and can withdraw your funds for any reason at any time.3

You enjoy more flexibility

Funds in your child’s account are transferable to another eligible family member, which includes siblings, stepchildren, parents…even first cousins.

Ready to start their college savings?

The sooner you start, the more you may have for college.

Helpful college savings information is available via email or phone.