Please note: The PA 529 Investment Plan (IP) will be making some important changes which will take effect April 27, 2018. Details of these changes are available here. During the implementation process, PA 529 IP account owners will not be able to access their accounts online or by phone from 4:00 PM (EST) on Thursday, April 26, 2018, until 8:00 AM (EST) on Monday, April 30, 2018. Additional details are available in a supplement to the PA 529 IP Disclosure Statement.
Additionally, you will not be able to enroll in a new PA 529 IP account online during this blackout period. Please call 800-440-4000 with any questions.
Additionally, on December 22, 2017, the president signed new tax legislation into law. While we're working on updating our website to reflect the new U.S. tax laws, the website may not address these changes.
The legislation includes several new provisions related specifically to 529 plan accounts, beginning with the 2018 tax year:
- Account owners can use assets to pay for qualified K-12 tuition expenses up to $10,000 per year, per student.
- Account owners can treat qualified K-12 withdrawals as qualified expenses with respect to the federal and Pennsylvania state tax benefits.
- Account owners can roll over 529 plans to ABLE plans, up to the ABLE annual contribution limit.
Please check back as we update our website to reflect these changes. For additional guidance on these new provisions, account owners should consult the Pennsylvania Department of Revenue at www.revenue.pa.gov or by calling 717-787-8201 or consult a qualified tax advisor about your personal situation.
Ambassador (Ret.) Joseph M. Torsella was sworn in as Treasurer of the Commonwealth of Pennsylvania on January 17, 2017. From Philadelphia’s City Hall to the National Constitution Center to the halls of the United Nations, his work is a reflection of his public service and leadership, which has earned him a reputation as a voice of purpose, honor and vision.
He administers the Unclaimed Property program annually, manages the state’s 529 College and Career Savings Program and safeguards the financial health of the state. The Pennsylvania treasurer or his designee serves on approximately 20 boards on Treasury’s behalf and chairs the Board of Finance Revenue.
Raised in Berwick, Pa., Torsella is a graduate of Wyoming Seminary preparatory school and an honors graduate of the University of Pennsylvania, Phi Beta Kappa, with a degree in economics and history. He studied American History at New College, Oxford, as a Rhodes Scholar. He lives in Flourtown with his wife Carolyn, and they are proud parents to four children.
In response to health risks associated with COVID-19, Pennsylvania Treasury is currently operating on a contingency work plan. Treasury’s schedule will be modified and some personnel will be working via remote access. Our primary concern is with the health and safety of the public and our coworkers.
During this time, the Pennsylvania 529 College and Career Savings Program will continue to be available to all account holders. Though we will endeavor to maintain the same level of service, temporary delays and disruptions with our call center, mail delivery and other communicating may occur.
We encourage you to access your account online at pa529.com. If you need assistance, please email us at firstname.lastname@example.org. Below is instructional information explaining account basics such as how to make contributions and withdrawals and how to reset your online account password:
Thank you for your patience.