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.
When setting up your PA 529 plan, please have the following information ready:
- You: Address, birth date, Social Security number*
- Your Bank (to make contributions from a checking or savings account): Your account number, routing number for your bank, and/or a "voided" blank check
- Your Successor (optional, in case of incapacity or death): Birth date
- Beneficiary (person for whom you're saving): Birth date, Social Security number*
PA 529 IP Plan only:
- Your Investments (how your contributions will be invested): To learn more, see the PA 529 Investment Plan Disclosure Statement.
*We are required by federal law to obtain, verify, and record information that identifies each person who opens an account. If you don't provide the requested information, we may not be able to open your account. If we are unable to verify your identity, PA 529 reserves the right to close your account and return any contributions or take other steps we deem reasonable.