Arkansas’ 529 Plan Offers Convenient Payroll Deductions
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Nearly every state offers section 529 plans for families who wish to save money for their children's college expenses. The quality of each plan, in terms of the possible fees, rules and regulations will vary. Some plans allow the account owner to change beneficiaries, while others do not. The GIFT College Investing Plan is available for Arkansas residents to help make college an affordable reality for families and their children. Residents receive up to $5,000 in tax deductions for participating in the plan. Accounts can be opened with a $10 per month automatic investment plan. You can also make contributions through payroll direct deposits for a minimum $5 per pay period.
