What can Smart 529 be used for?
Your SMART529 account can be used to cover qualified higher education expenses at thousands of eligible institutions throughout the country, including colleges, universities, vocational schools, and private and religious K-12 schools.
Are 529 contributions tax deductible in West Virginia?
Contributions to West Virginia's 529 plans are fully deductible in computing West Virginia taxable income.
How do I open a 529 in WV?
Take these steps to open your SMART529 WV Direct college savings account.
- Choose your investment options. ...
- Read the SMART529 Offering Statement. ...
- Gather all required bank and personal information. ...
- Open your account.
What is a smart 529 account?
A 529 plan is a tax-advantaged savings plan designed to encourage families to save for college. Earnings on 529 investments accumulate tax-free, and distributions are tax-exempt as long as they are applied toward eligible education expenses such as tuition and room and board. 1. Open Account >