Benefits of a 529 Plan

• Not only will you get a head start on saving for college, but Georgia residents get exclusive savings on state income taxes.
• Reduce your 2020 state taxable income up to $8,000 per child when you open and contribute to your account before April 15th, 2021.
• Any earnings in your account grow tax-free.
• Withdraw funds tax–free for a variety of qualified college expenses including tuition, books, and room and board.
• The funds can be used at college and universities throughout the country and even some abroad.

https://www.path2college529.com/plan/tax.php

Once you have set up you College 529 Savings Plan, you can have contributions sent from your paycheck directly to your College 529 Savings Plan via the Direct Deposit feature in OneUSG.