Wyoming 529 Plan

Wyoming offers one college savings plan, a direct plan called CollegeInvest Wyoming.

CollegeInvest Wyoming

CollegeInvest Wyoming 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:  The Vanguard Group®

Minimums:  To get started you can deposit $25 and minimum subsequent contributions are $15.

Maximum Contributions:  Currently, you can contribute up to $280,000 to your Wyoming 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: There are no state income taxes in Wyoming; however, in and out-of-state participants get the federal tax benefits.

Other Benefits: Through your CollegeInvest Wyoming plan, you have the option to be a part of a reward program set up by Upromise®.  By making purchases with your card, the reward program offers a percentage of purchases that convert into rewards points, and ultimately convert into account contributions.

Residency: CollegeInvest Wyoming is open to all United States residents, not just those in Wyoming.

You can learn more about Wyoming’s 529 plan at the official website http://www.collegeinvestwyoming.org/.