WebOct 12, 2024 · Other benefits: Earn cash-back rewards with the Bright Start 529 Visa Rewards card, ... Contribution limits: $25 minimum to open account ($5 minimum for other contributions), ... WebMinimums: To get started you can deposit $25, and the minimum subsequent contribution is $15. Maximum Contributions: Currently, you can contribute up to $350,000 to your …
Frequently Asked Questions 529 FAQs - College Illinois
WebIndividuals subject to Illinois state income tax can deduct from their taxable income up to a maximum of $10,000 per year for contributions made toward the purchase of any College Illinois! prepaid tuition contract. Married couples filing jointly can deduct up to $20,000 per year.* ... the Bright Start Savings Program, and the Bright Directions ... WebThe Illinois Bright Directions Advisor-Guided 529 College Savings Program, sold through brokers and fee-based financial advisors, features an extensive multi-manager platform offering a large number of age-based, static … black houndstooth rug
Illinois (IL) 529 Plans Fees, Investment Options, Features ...
WebJun 18, 2014 · In Utah and Virginia, the owner of a 529 account can also deduct the contributions other people make to the account. For example, in Virginia, account owners can deduct up to $4,000 in ... WebMar 22, 2024 · The SECURE Act passed in December 2024, adding one more qualified use for a 529: a lifetime maximum of $10,000 can be used to pay off student loan debt. However, if the beneficiary has siblings ... WebThe aggregate Maximum Account Balance limit for Accounts for a Beneficiary in the Program and in other Illinois Section 529 Programs is $500,000. ... ($20,000 if married filing a joint return) of total, combined Contributions to the Program, to the Bright Start Direct-Sold College Savings Program, and to College Illinois! during the tax year ... gamle olof bure