As the holidays approach, searching for the perfect gift for children can be quite an adventure! While toys and gadgets are always popular, there’s one gift that never goes out of style — the gift of education. Here’s what you need to know about gifting with the NC 529 Plan, an education investment program that offers tax benefits to help families save for college, K–12 tuition, and more.
Financial gifts from grandparents, other family, and friends to a child’s NC 529 Account are investments in their future, so parents shouldn’t be shy about suggesting a small contribution to their child’s account for a holiday, birthday, or any special occasion. Contributions start at just $25, making it the perfect gift for any budget.
Education is a timeless gift, and NC 529’s new gifting option makes it easier than ever for friends and family to contribute to a child's account. Activate and share the account’s unique gifting link, which allows anyone to contribute via credit or debit card, Google and Apple Pay, and bank or credit union transfers. It’s simple and means that instead of another toy, loved ones can devote the funds to your child’s future.
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From now until January 31, 2024, each contribution to a new or existing NC 529 Account earns additional chances to win $5,529 in the Education Wonderland Giveaway! Whether you’re just getting started with K–12 and college savings or are well on your way, this is a great opportunity to amplify your family’s education savings.
Don’t forget about the tax benefits! Account earnings grow tax-free, and withdrawals are also tax-exempt when the funds are used for qualified education expenses, including college, K–12 tuition, career/technical education, and more. Whether your child dreams of becoming a scientist, an artist, or an entrepreneur, an NC 529 Account can help them achieve their educational goals.
This holiday season, give the gift of education and enter for a chance to make the future even brighter for a loved one. For more details about the NC 529 Plan, its gifting option, and to participate in the $5,529 Education Wonderland Giveaway, visit the NC 529 website.
