Arkansas 529 College Savings Plans – The Arkansas 529 GIFT Plan

Benefits of 529 College Savings PlansAbout: The Arkansas 529 GIFT Plan, a 529 program sponsored by the State of Arkansas and available to investors nationwide, combines state and federal tax advantages with trusted investment management by The Vanguard Group, Inc. to help you reach your college savings goal.

Website: https://www.arkansas529.org/

Phone #: 1-800-587-7301

Investment Options: The Arkansas 529 GIFT Plan gives you several options for choosing the strategy that’s right for you, your child, and your particular risk tolerance:

GIFT Plan Savings Portfolio, a lower-risk, Federal Deposit Insurance Corporation (FDIC)-insured option. Age-Based Options, which automatically adjust as your child nears college age. Custom Portfolios, to create your own from a range of Vanguard-managed investment choices.

Tax Benefits:  Contributions to an Arkansas 529 plan of up to $5,000 per year by an individual, and up to $10,000 per year by a married couple filing jointly, are deductible in computing Arkansas taxable income. Contribution deadline is December 31, and state must receive it by a specified date following December 31.

State Residency Requirements: No state residency is required to participate in Arkansas 529 College Savings Plans.

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