The office of Ohio 529, CollegeAdvantage, will be closed on Wednesday, Jan. 1, 2025, in observance of New Year’s Day. Our Customer Service Department will also be closed for the holiday. Our Customer Service representatives are available to assist you on regular business days from 8:30 a.m. to 6 p.m. EST before or after the holiday. You can reach them at 1-800-AFFORD-IT (800-233-6734).
While our office may be closed, you can always open an account online over the holiday weekends to start saving for education after high school.
To make a final 2024 529 contribution to an existing account for as little as $25, you can access your account online 24/7.
Online and check contributions must be received by CollegeAdvantage in good order before 4 p.m. EST Tuesday, Dec. 31, to be recorded as occurring in 2024 for your State of Ohio income tax deduction.
You can also make a contribution through the READYSAVE 529 app. You can download the READYSAVE529 app now from the Apple and Google Play app stores. Once you install the app, select Ohio 529 from the list and log in with the same username and password you use to access your account online. With the app, you can contribute directly from your bank account to your Ohio 529 account.
If you’d like to add to your Ohio 529 account, new 529 contributions must be received in good order before 4 p.m. EST Tuesday, Dec. 31, 2024, to be included with total contributions for 2024. As an Ohio resident, you can deduct up to $4,000 per person (or married couple) of your 529 plan contributions per beneficiary, per calendar year, from your Ohio taxable income. However, you can always contribute even more! Contributions over $4,000 per beneficiary, per calendar year, can be carried forward for deduction in future tax years until all your contributions are fully deducted.
Please keep in mind that for the state tax deduction, the account owner will need to have copies of bank statements or cashed checks for verification. Statements from CollegeAdvantage are not acceptable as they list contributions from all sources, not just the account owner.
The New York Stock Exchange (NYSE) will also be closed Wednesday, Jan. 1, 2025. Any transaction requested on a holiday, weekend, or after the NYSE closes will be processed on the next business day.
Since 1989, Ohio 529, CollegeAdvantage, has been helping families across the nation save for their children’s education after high school. Ohio 529 covers qualified costs at any four-year college or university, two-year community college, trade or vocational school, apprenticeship approved by the U.S. Labor Department, or certificate program nationwide that accepts federal financial aid. Start, add, or give a gift with as little as $25 at CollegeAdvantage.com.
Here’s to a great 2025 for everyone!
