*Amounts paid as principal or interest on a qualified education loan. Amount that may be treated as qualified expense shall not exceed $10,000 as a lifetime cap per beneficiary.
**Expenses for books, supplies, and equipment required for a program registered with the U.S. Department of Labor.
1Under a special rule, contributions can be made in one year and prorated over a five-year period without incurring gift taxes or reducing your unified estate and gift tax credit. If the contributor dies before the five-year prorating period expires, the contributions allocated to the remaining years move back into the contributor’s taxable estate. Any appreciation on the entire original gift is not considered part of the estate.
2 Virginia’s 529 plan has a 30-year limitation on use of assets.
3You must be a U.S. citizen or resident alien, have a Social Security number or Tax Identification number and have a permanent U.S. address.
4 Tax-parity states include Arizona, Kansas Missouri, Montana and Pennsylvania. These states offer a tax deduction for contributing to any 529 plan, including out-of-state plans, which may be more attractive than the in-state option.
The BlackRock CollegeAdvantage 529 Plan is designed to be a Qualified Tuition Program under Section 529 of the Internal Revenue Code. The Plan is sponsored by the state of Ohio. If you are not an Ohio taxpayer, consider before investing whether your or the designated beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s qualified tuition program.
An investor should consider the investment objectives, risks, charges and expenses associated with municipal fund-based securities before investing. More information about municipal fund securities is available in the issuer's Program Description.Clicking here or calling 866-529-8582. The Program Description should be read carefully before investing.
Any investment in a BlackRock CollegeAdvantage mutual fund-based investment option is not insured or guaranteed by the FDIC or any other governmental agency or other party, including the custodian/state of Ohio, the Tuition Trust, BlackRock or any of the mutual fund firms under contract with OTTA. An investment in a BlackRock CollegeAdvantage mutual fund-based investment option is not a direct investment in a mutual fund itself. Participants assume all investment risk of an investment in the BlackRock CollegeAdvantage Plan, including the potential loss of principal and liability for penalties such as those levied for non-educational withdrawals. Regular investing does not ensure a profit or protect against a loss in a declining market. The amount actually available for withdrawal will depend on the investment performance of the investment options chosen.
Please Note: Before investing in any 529 plan, you should consider whether your or the designated beneficiary's home state offers a 529 plan that provides its taxpayers with state tax or other benefits that are only available through the home state's 529 plan. You also may wish to contact directly your home state's 529 college savings plan(s), or any other 529 plan, to learn more about those plans' features, benefits, and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.
