A unique gift idea that helps families save for college with tax-saving benefits.
This holiday season, Nebraska State Treasurer Tom Briese reminds families to think beyond traditional gifts and contribute to a loved one’s NEST 529 Education Savings Plan. Contributing to a NEST 529 account offers the opportunity to invest in a child’s future educational success.
“As we approach the holiday season, many people are looking for meaningful gift ideas,” Briese said. “A NEST 529 contribution is a thoughtful and lasting investment in a child’s education that can have lifelong benefits, both for the student and the family.”
How to Gift
Account owners can invite friends and family members to contribute to a NEST 529 account. To get started, visit NEST529.com/Friends-Family-Gifting. When a contribution has been made, the gift-giver can order or print a NEST 529 holiday gift card for the recipient.
Maximize Tax Benefits Before Year-End
As 2024 comes to an end, account owners are encouraged to consider the tax advantages of
end-of-year contributions to their NEST 529 account. Nebraska account owners are eligible to receive a Nebraska state income tax deduction of up to $10,000 ($5,000 if married, filing separately) for contributions made to their own NEST accounts.[1]
“There’s no better time than now to start planning for a loved one’s future,” Briese said. “Year-end contributions not only help grow savings for future education costs, but also offer tax advantages for account owners.”
Contributions must be postmarked by December 31, 2024 to qualify for 2024 tax benefits. Account owners can also contribute online by logging into their account at NEST529.com.
Visit NEST529.com/Tax-Benefits to read more about the benefits of a NEST 529 Education Savings Plan.
The Nebraska State Treasurer serves as the Program Trustee. All investments, including the portfolio structure offered through the NEST 529 program, are vetted and approved by the Nebraska Investment Council.