![]() ![]() ![]() ![]() The Social Security number of the student beneficiary.Step 1 – GETTING STARTED You will need to have the following information available: You may also request an Enrollment Kit by mail. The Enrollment process takes about 10 minutes and can be completed at There are two ways to enroll either online or by downloading a blank EnrollmentĪpplication. New York’s 529 College Savings Program at will provide enrollment instructions, withdrawal information, forms and FAQs. To recapture in certain circumstances - rollovers to another state's plan or non-qualified **Up to $10,000 is deductible from New York State taxable income for married couplesįiling jointly single residents can deduct up to $5,000 annually. Tax and other benefitsĪre contingent on meeting other requirements and certain withdrawals are subject to *Earnings on nonqualified withdrawals may be subject to federal income tax and a 10%įederal penalty tax, as well as state and local income taxes. Of America's leading companies and can transfer that money directly to your Program The Program includesĪ valuable opportunity to accelerate your college savings through Upromise rewards - a free service that returns a percentage of your spending at hundreds You can save for a child, grandchild, friend - or even yourself. The Program features a wide range of investmentĬhoices, tax-free withdrawals when used for qualified higher-education expenses*,Īnd contributions that are tax-deductible (up to certain limits**) for New York State New York's 529 College Savings Program Direct Plan provides a flexible, convenient,Īnd low-cost way to save for college. ![]()
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