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Is BlackRock 529 an Ohio plan?
The BlackRock CollegeAdvantage 529 Plan is a 529 intermediary-sold college savings plan designed to help individuals and families save for college expenses through a tax-favored investment sponsored by the State of Ohio.
What state is BlackRock 529 plan?
Plan is based in Ohio, but available in all states. Ohio residents and tax-parity state4 residents get an additional tax benefit. Investors can select from target date age-based portfolios, static risk-based portfolios and single investment strategies.
Does Ohio have a good 529 plan?
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.
Who runs Ohio 529 plan?
The Ohio Tuition Trust Authority
CollegeAdvantage is Ohio’s 529 college savings program designed to help individuals and families save for college in a tax-advantaged way. The Ohio Tuition Trust Authority, a state agency within the Office of the Chancellor of the Ohio Department of Higher Education, sponsors and manages the program.
Who manages Ohio’s 529 plan?
the Ohio Tuition Trust Authority
Established in 1989, the Ohio Tuition Trust Authority is a state agency within the Ohio Department of Higher Education. The Ohio Tuition Trust Authority sponsors and administers CollegeAdvantage, Ohio’s 529 college savings program.
Are 529 contributions tax deductible 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.
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.
How much can I put in 529 per year Ohio?
Taxpayers can deduct contributions they made to an Ohio 529 (CollegeAdvantage) savings plan. This deduction is limited to $4,000* per beneficiary per year.
Who owns 529 account parent or child?
Control the money and choose among many investment options. Unlike a custodial account that eventually transfers ownership to the child, with a 529 savings plan, the account owner (not the child) calls the shots on how and when to spend the money.
Who owns 529 plan when child turns 18?
What happens to a 529 when a child turns 18? The 529 college savings account belongs to the account owner, normally the parents or guardian. While there are always some exceptions, the parents or guardian need to give permission for any withdrawals from the account.
Who actually owns a 529 plan?
All 529 plan accounts have an account owner and a beneficiary, with the account owner controlling the account. An individual 529 account is a regular 529 account, with an adult individual as the account owner and a student as the beneficiary. The account owner makes the investment decisions regarding the 529 account.
Can I write off 529 contributions Ohio?
What is the best 529 plan for Ohio residents?
BlackRock CollegeAdvantage 529 plan is comprised of mutual funds and ETFs from BlackRock, iShares and other leading asset managers. It also has tax advantages for multiple states, with added benefits for Ohio residents. Your child will be in college before you know it. So let’s start saving.
What is the collegeadvantage 529 plan?
How do I login to my 529 plan?
Here’s how it works… Enter your username and password. Get a PIN and login within 5 minutes. If you need more time, please request a new PIN. Session IDs are valid for 10 minutes. Mark your device trusted, if applicable. Access your account! How are your investments doing? It’s easy to check your 529 performance. How far will your savings go?
Is Upromise part of the 529 plan?
Upromise is an optional program offered by Upromise, LLC, is separate from the Ohio’s 529 Plan, CollegeAdvantage, and is not affiliated with the Ohio’s 529 Plan. Separate terms and conditions apply to the Upromise program, and you will be required to read and agree to them at sign-up.