What is Ohio's 529 plan?

CollegeAdvantage, Ohio's 529 Plan, is a simple and flexible way to save for whatever school comes after high school. The program helps Ohio families and individuals save for future education expenses tax-free. Ohio's 529 plan provides a tax-advantaged way to save for the future college expenses for yourself or a loved one.

Are 529 contributions tax deductible in Ohio?

Since the contributions go directly into the 529 savings plan, the person who makes the contribution is eligible for the Ohio income tax deduction. The owner of the plan is only entitled to a deduction if s/he makes the Ugift contribution. Upromise: Upromise allows the owner to earn rewards points in their Upromise account.

When can you start a 529 plan in Ohio?

You can start the plan once a child is born, but it’s never too late. Plus, the plan can be used to fund a variety of postsecondary options, including trade schools, certificate programs, apprenticeships and more. Here, Gorrell answers some common questions about Ohio’s 529 plan.