Holiday Shopping Alert: Turn Holiday Spending into College Savings with the Pennsylvania 529 College Savings Program

Helping a loved one make college more affordable is a gift they will never outgrowHarrisburg – State Treasurer Rob McCord today encouraged Pennsylvanians to give the gift of education by opening or contributing to a Pennsylvania 529 College Savings Program account.   According to Treasurer McCord, family members and friends may contribute to a child’s PA 529 account and also receive a Pennsylvania income tax deduction. The state income tax deduction for 529 college savings plan contributions was increased to $14,000 per taxpayer, per beneficiary, in 2013.  “Today’s shoppers work hard