District of Columbia residents receive outstanding state plan benefits.
Learn about state tax benefits ↓District of Columbia residents receive outstanding state plan benefits.
Learn about state tax benefits ↓Featured 529 plans for District of Columbia residents:
Contributions to a DC 529 plan of up to $4,000 per year by an individual, and up to $8,000 per year by married taxpayers who each make contributions to their own account, are deductible in computing District of Columbia taxable income, with a five-year carryforward of excess contributions. Only contributions made by the account owner are deductible. Rollover contributions are not deductible. Contribution deadline is December 31 postmark.
The District of Columbia offers the direct-sold DC College Savings Program to residents of any state. This Ascensus-managed 529 savings plan features funds from a number of leading mutual fund families within its investment options.
"Do-it-yourself" type plans in which the saver enrolls and sets up the initial investment. Fortunately most 529 plans make this simple! You'll pay no sales charges beyond fund and administrative fees.
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529 ABLE accounts let Americans with disabilities save tax-deferred for education and other expenses without impacting eligibility for public benefits.
ABLE Plan
The DC ABLE Program is offered through the National ABLE Alliance. The program is created under the District of Columbia's ABLE Program Trust Establishment Act of 2015 to authorize the establishment of savings accounts empowering individuals with a disability and their families to save private funds to support the individual with a disability and to provide guidelines for the maintenance of such accounts.
A good place to start:
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