Is Scholars Choice a 529?
Scholars Choice is one of the largest financial professional-sold 529 plans dedicated to helping solve your clients' education savings goals. Research and explore investment portfolio options that fit your client's timeline, risk tolerance and education savings goals.
Is Scholars Choice A Colorado 529?
Colorado 529 College Savings Plan | CollegeInvest Scholar's Choice. What is a 529 Savings Plan? ... The ONLY FDIC-insured 529 savings plan that offers the state's tax deduction for contributions by Colorado taxpayers.
What is Scholars Choice college savings program?
The Scholars Choice Education Savings Plan is one of the largest financial professional-sold 529 plans dedicated to helping solve your education savings goals. In fact, Scholars Choice is dedicated to making it easier for you and your loved ones to pay for an education.
Does Colorado have a tax deduction for 529 contributions?
Colorado's 529 tax deduction
For Colorado taxpayers, contributions to ANY CollegeInvest savings account are eligible for a deduction from your Colorado state income tax return1. For calendar year 2021, contributions may be eligible for a dollar-for-dollar deduction up to your 2021 Colorado taxable income.
What state is Scholars Choice 529?
What happens if you withdraw money from a 529 plan and do not use it on eligible college expenses?
If your child does not receive a scholarship (or meet the requirements for one of the other exceptions) and you withdraw funds that are not used for qualified education expenses, you will owe both taxes and a 10% penalty on the earnings.
Is ScholarShare 529 tax deductible?
As a 529 Plan, ScholarShare 529 offers unsurpassed income tax benefits. Although contributions are not deductible on your federal tax return, any investment earnings can grow tax-deferred.