INDIANAPOLIS (September 3, 2024) — September is National College Savings
Month, and Governor Eric Holcomb has highlighted the importance of saving for
education with a Proclamation establishing September 2024 as College Savings Month
in Indiana. To celebrate, one individual will be selected to win a $10,000 account
deposit in the Indiana529 Education Sweepstakes.
To enter the Sweepstakes, individuals 18 years of age or older must complete the entry
form available at MyIndiana529.com/sweepstakes by 11:59 p.m. on September 30,
2024. The winner will be randomly selected from all eligible entries to receive a $10,000
Indiana529 account deposit.
“Whether it’s tech, trade, registered apprenticeships or traditional college, a child’s
dreams are worth saving for,” said Daniel Elliott, Indiana Treasurer of State. “We’re
proud to offer one Indiana family $10,000 in an Indiana529 plan to jumpstart those
savings.”
Indiana529 provides account owners and gift contributors flexibility when it comes to
saving for education after high school. Funds can be used at any eligible school or
registered apprenticeship program, both in- and out-of-state. Accounts grow tax-
deferred and distributions are tax-free as long as the money is withdrawn to pay for
qualified education expenses like tuition, books, computers, equipment, and fees.
Indiana taxpayers may also be eligible for an annual state income tax credit of 20
percent of contributions to their Indiana529 accounts, worth up to $1,500 each year
($750 for married couples filing separately).
“Indiana529 is an amazing tool for parents, grandparents, and even aunts and uncles to
give the young person in their life a financial boost for the future,” said Marissa Rowe,
executive director of the program. “Their dreams are worth saving for and $10,000 is an
incredibly strong start.”
For full contest rules and to enter, please visit www.MyIndiana529.com/sweepstakes.
For more information about Indiana529 Savings Plans, visit www.MyIndiana529.com.
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