Save Money for College and Cut Your Tax Bill
Pennsylvania 529 Guaranteed Savings Plan allows families to put away money tax free for a child's college tuition.
You can save for your child’s college education while you save money off of your 2012 Pennsylvania earned income tax if you open or add to your PA 529 College Saving Program by Dec. 31. To encourage more families to save for college in a tax-advantaged way, the PA 529 College Savings Program is offering free enrollment - a $50 savings - for all new PA 529 Guaranteed Savings Plan (GSP) accounts opened by Dec. 31 at www.PA529.com. Use code TAXSMART when prompted. The PA 529 GSP is designed to help savings grow to meet the future cost of education. When used for qualified higher education expenses, PA 529 GSP contributions grow at the rate of tuition inflation (subject to fees and premiums). For example, if you save enough for a semester at…
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