Nebraska 529 Plans

Nebraska offers five 529 college savings plans, two direct plans called College Savings Plan of Nebraska “Direct Accounts” and TC AMERTRADE 529 College Saving Plan; and three advisor sold tuition plans called College Savings Plan of Nebraska “Advisor Accounts”, The AIM College Savings Plan, and The State Farm College Savings Plan.

College Savings Plan of Nebraska “Direct Accounts”

College Savings Plan of Nebraska “Direct Accounts” is a traditional 529 plan that allows you to invest money today and reap tax benefits when you withdraw it to pay for qualified education expenses.

Type:  Direct – this 529 plan can be purchased directly through the state.

Fund Family:  Various

Minimums:  Not Applicable

Maximum Contributions:  Currently, you can contribute up to $360,000 to your Nebraska 529 plan.  Of course, your total amount in the plan can be higher as your investments group.  529 plans typically increase the contribution limit over time, so you may be able to contribute more.

Tax Benefits:  Good news for Nebraska residents - by investing in your state's 529 plan, you can deduct up to $2,500 on your state income taxes for single filer and $5,000 for married filers.  You also get federal income tax benefits as you do not pay income tax on your earnings. Out-of-state participants still get the federal tax benefits.

Residency: College Savings Plan of Nebraska “Direct Accounts” is open to all United States residents, not just those in Nebraska.

You can learn more about ’s 529 plan at the official website http://www.planforcollegenow.com/.

TD AMERITRADE 529 College Savings Plan

TD AMERITRADE 529 College Savings Plan is a traditional 529 plan that allows you to invest money today and reap tax benefits when you withdraw it to pay for qualified education expenses.

Type:  Direct – this 529 plan can be purchased directly through the state.

Fund Family:  Various

Minimums:  Not Applicable

Maximum Contributions:  Currently, you can contribute up to $360,000 to your Nebraska 529 plan.  Of course, your total amount in the plan can be higher as your investments group.  529 plans typically increase the contribution limit over time, so you may be able to contribute more.

Tax Benefits:  Good news for Nebraska residents - by investing in your state's 529 plan, you can deduct up to $2,500 on your state income taxes for single filer and $5,000 for married filers.  You also get federal income tax benefits as you do not pay income tax on your earnings.  Out-of-state participants still get the federal tax benefits.

Residency:  TD AMERITRADE 529 College Savings Plan is open to all United States residents, not just those in Nebraska.

You can learn more about this Nebraska 529 plan at the official website http://collegesavings.tdameritrade.com/index.asp.

College Savings Plan of Nebraska "Advisor Accounts"

College Savings Plan of Nebraska "Advisor Accounts" is a traditional 529 plan that allows you to invest money today and reap tax benefits when you withdraw it to pay for qualified education expenses.

Type:  Advisor.  Please contact a financial advisor in your state for assistance.

Fund Family:  Various

Minimums:  Contact Advisor.

Maximum Contributions:  Contact Advisor.

Tax Benefits:  Good news for Nebraska residents - by investing in your state's 529 plan, you can deduct up to $2,500 on your state income taxes for single filer and $5,000 for married filers.  You also get federal income tax benefits as you do not pay income tax on your earnings.  Out-of-state participants still get the federal tax benefits.

Residency:  College Savings Plan of Nebraska "Advisor Accounts" is open to all United States residents, not just those in Nebraska.

You can learn more about this Nebraska 529 plan at the official website http://www.planforcollegenow.com/.

The AIM College Savings Plan

The AIM College Savings Plan is a traditional 529 plan that allows you to invest money today and reap tax benefits when you withdraw it to pay for qualified education expenses.

Type:  Advisor.  Please contact a financial advisor in your state for assistance.

Fund Family: A I M Capital Management, Inc.

Minimums:  To get started you can deposit $500 or pay $50 when you set up the automatic monthly plan. Minimum subsequent contributions are $50 and $25 with the automatic monthly plan.

Maximum Contributions:  Currently, you can contribute up to $360,000 to your Nebraska 529 plan.  Of course, your total amount in the plan can be higher as your investments group.  529 plans typically increase the contribution limit over time, so you may be able to contribute more.

Tax Benefits:  Good news for Nebraska residents - by investing in your state's 529 plan, you can deduct up to $2,500 on your state income taxes for single filer and $5,000 for married filers.  You also get the same benefit for federal income taxes.  Out-of-state participants still get the federal tax benefits.

Residency: The AIM College Savings Plan is open to all United States residents, not just those in Nebraska.

You can learn more about this Nebraska 529 plan at the official website.

The State Farm College Savings Plan

The State Farm College Savings Plan is a traditional 529 plan that allows you to invest money today and reap tax benefits when you withdraw it to pay for qualified education expenses.

Type:  Advisor.  Please contact a financial advisor in your state for assistance.

Fund Family: OFI Private Investments, a subsidiary of OppenheimerFunds, Inc.

Minimums:  To get started you can deposit $500 or pay $50 when you set up the automatic monthly plan. Minimum subsequent contributions are $50 and $25 with the automatic monthly plan.

Maximum Contributions:  Currently, you can contribute up to $360,000 to your Nebraska 529 plan.  Of course, your total amount in the plan can be higher as your investments group.  529 plans typically increase the contribution limit over time, so you may be able to contribute more.

Tax Benefits:  Good news for Nebraska residents - by investing in your state's 529 plan, you can deduct up to $2,500 on your state income taxes for single filer and $5,000 for married filers.  You also get the same benefit for federal income taxes.  Out-of-state participants still get the federal tax benefits.

Residency: The State Farm College Savings Plan is open to all United States residents, not just those in Nebraska.

You can learn more about this Nebraska 529 plan at the official website http://www.statefarm.com/mutual/acct_types/529.asp.