Students

There are many ways SMART529 can help you reach your college dreams.

It’s never too late to set yourself up for a successful future. Whether you are a high school student searching for the perfect school for your field of study, a professional looking for continuing education credits, unemployed and looking to make a career change or even returning to the classroom to earn your graduate degree a SMART529 account can help.

 

SMART529 Benefits

  • There’s no minimum investment for West Virginia residents.
  • Even if you receive a tuition scholarship, SMART529 savings can be used to cover other qualified expenses such as books, fees or required equipment.
  • For West Virginia Personal Income Tax purposes, your Federal Adjusted Gross Income may be reduced by the amounts contributed to the program each year (subject to recapture if non-qualified withdrawals are made).
  • Earnings in your SMART529 account can accumulate tax deferred.1
  • Withdrawals for qualified higher education expenses are free from Federal and West Virginia income taxes.2

 

1 SMART529 Direct is available to residents of West Virginia or to non-residents where the beneficiary is a resident of West Virginia. West Virginia (WV) provides certain tax advantages to WV taxpayers that invest in SMART529 Direct. Before investing, an investor should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan.

2 Lifetime maximum savings $400,000 per child.

 

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