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Nebraska offers three 529 college savings plans: the NEST Direct College Savings Plan, NEST Advisor College Savings Plan, and TD Ameritrade 529 College Savings Plan. NEST stands for Nebraska Educational Savings Trust.
The NEST Direct 529 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: NEST is fairly unique in that there is no miminum.
Maximum Contributions: Currently, you can contribute to your Nebraska 529 until the blance hits $360,000. 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 Nebraska’s 529 plan at the official website.
The NEST Direct 529 is similar to the “Direct” one but is purchased through a financial advisor.
Type: Direct – this 529 plan can be purchased directly through the state.
Fund Family: Various
Minimums: Not Applicable
Maximum Contributions: Currently, you can contribute to your Nebraska 529 until the blance hits $360,000. 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 Nebraska’s 529 plan at the official website.
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: None.
Maximum Contributions: Currently, you can contribute until you have $360,000 in 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.
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