Celebrate College Savings Plan Day on May 29th (5/29)
A 529 college savings plan can make it easier for families to plan and prepare for their children's college education. 529 plans offer tax-advantaged investments to promote saving for college.
CHET (Connecticut Higher Education Trust) is the Connecticut 529 college savings plan. When used for qualifying education expenses, funds invested in CHET accounts can be withdrawn tax-free. There is also a state income tax deduction available for contributions to a CHET 529 college savings plan.
The
CHET website has details about the investment options, advice about planning ahead for college, and a calculator to estimate future costs of higher education. To learn more, call 1-888-799-CHET (2438) or visit
www.aboutchet.com.
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