Vermont residents receive outstanding state plan benefits.
Learn about state tax benefits ↓Vermont residents receive outstanding state plan benefits.
Learn about state tax benefits ↓Featured 529 plans for Vermont residents:
Contributions to a Vermont 529 plan of up to $2,500 per beneficiary per year by an individual, and up to $5,000 per beneficiary per year if the contributors are married and file a joint tax return, are eligible for a 10% Vermont income tax credit (up to $250 per beneficiary per individual taxpayer or $500 per beneficiary for married taxpayers filing jointly). Taxpayers may claim the credit for contributions to an account they own or for gift contributions to an account owned by someone else. The principal portion of a rollover from another 529 plan is eligible for the credit, provided the funds remain in the account for the remainder of the taxable year. Contribution deadline is December 31.
Vermont's VT529 savings plan is available to residents of any state. This direct-sold plan offers fund options from Vanguard, TIAA, and Dimensional.
"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
Through the Vermont ABLE program, the Vermont Treasurer's Office is offering STABLE Accounts to Vermonters with disabilities. STABLE Accounts allow individuals with disabilities to save and invest money without losing eligibility for certain public benefits programs, like Medicaid, SSI, or SSDI. Earnings in your STABLE Account are not subject to federal income tax, so long as you spend them on qualified disability expenses.
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