What state is the Vanguard 529 plan?

state of Nevada
The Vanguard 529 College Savings Plan is sponsored by the state of Nevada, and offers savers three age-based models. Vanguard’s is among the cheapest plans available on the market and offers a stellar lineup in its portfolio.

How do I invest in a 529 plan in Ohio?

How To Open An Ohio 529 Plan Account

  1. Visit CollegeAdvantage.com to start.
  2. Gather up your personal information.
  3. Open an account online.
  4. Step 1: Account owner information.
  5. Step 2: Beneficiary information.
  6. Step 3: Choose your investments.
  7. Step 4: Choose your funding method.
  8. Step 5: How to contact you.

What are the fees for Ohio 529 plan?

Also, Ascensus College Savings, the program record-keeper for Ohio Direct 529 Plan, has reduced their fee by half a basis point from 10 bps to 9.5 bps (0.10% to 0.095%.) This reflects a full basis point reduction in the overall fees for Ohio’s 529 Plan. This reduction went into effect on October 1, 2021.

Is Ohio’s 529 plan good?

Ohio’s 529 Plan remains at the top of the longest term performance ranking from Saving For College, a trusted college-savings industry resource which provides unbiased research on 529 plans, financial aid, scholarships, as well as offers tools to help families estimate higher education expenses.

Can you use Vanguard 529 in any state?

The Vanguard 529 College Savings Plan, offered by Nevada, is available to residents of any state, and offers low costs, experience and easy-to-manage savings options.

Is Ohio 529 FDIC insured?

Both the Fifth Third 529 Savings Account and the Fifth Third 529 CDs are FDIC-insured investment options to certain limits. Open an Ohio 529 account to start saving in a Fifth Third 529 Savings Account or 529 CD for your child’s future higher education expenses today!

Can you deduct 529 contributions in Ohio?

As an added advantage, Ohio taxpayers who make contributions to a CollegeAdvantage 529 account may deduct contributions of up to $4,000 from their Ohio taxable income per year, per beneficiary.

Are groceries covered by 529?

Food expenses and meal plans (which fall within the “board” section of room and board) are a frequent use for 529 savings because of the ease of documentation. The funds can be used to buy groceries and other meals, so long as proper documentation of the receipts is maintained.

What can Ohio 529 money be used for?

You can use the money you’ve saved in Ohio’s 529 Plan at community colleges, trade and specialty schools, certificate programs, apprenticeships, graduate and professional schools, and more. A school simply has to be accredited by the U.S. Department of Education. You can look up any school to see if it qualifies here.

What is the maximum contribution to Ohio 529?

$4,000 per year
Ohioans can deduct their Ohio 529 contributions from their Ohio taxable income, up to $4,000 per year, per beneficiary, with unlimited carry forward. In other words, an Ohio resident can take up to a $4,000 deduction from their state income taxes for contributions to each Ohio 529 plan with a different beneficiary.

Is a 529 tax deductible in Ohio?