Celebrate National 529 Day with up to a $100 bonus*
A college savings plan that can grow with them.
Open a new Oklahoma 529 account between 5/20/24-6/9/24 and receive a $50 or $100 bonus!
Don’t let the clock run out!
Get your bonus before the offer ends.
30
days12
hours4
mins20
secondsOpen a new account and get a $50 or $100 bonus.
Get $50
with a minimum deposit of $500: Set up recurring contributions or payroll direct deposit of $50 or more per month through 11/30/24.
Get $100
with a minimum deposit of $1,000: Set up recurring contributions or payroll direct deposit of $100 or more per month through 11/30/24.
Receive the bonus!
After six months, your $50 or $100 bonus will be deposited in your account on or before 2/17/25.
*Click here for complete Terms and Conditions.↩
Triple Tax Benefits of an Oklahoma 529
Your contributions go further with Oklahoma 529 tax benefits
State tax deduction
OK taxpayers may qualify for a state tax deduction up to $20,000 if married filing jointly ($10,000 single) for contributions made into an Oklahoma 529 account.
100% tax-deferred growth
Any earnings grow tax-deferred. When you pay less taxes, you may have the ability to earn more and grow your account faster—giving your beneficiary an even bigger head start!
Tax-free withdrawals for qualified expenses
Withdraw tax-free for all qualified education expenses at any eligible college, university or community college or Career Tech center for tuition, certain room and board, books, computers and more.
Why an Oklahoma 529 account?
Your plan is financial aid friendly
Your 529 account is typically viewed as a parental asset for financial aid purposes and may count less against aid eligibility than the same funds held in your child's name.1
Your child has options
For OK taxpayers, savings can be applied to any accredited college or university across the country and abroad; community college; Career Tech professional and graduate schools; and even apprentice programs registered and certified with the Secretary of Labor under the National Apprenticeship Act; K-12 tuition; and student loan repayment. Withdrawals for tuition expenses at a public, private or religious elementary, middle or high school; registered apprenticeship programs; and student loans can be withdrawn free from federal and Oklahoma income tax. If you are not an Oklahoma taxpayer, these withdrawals may include recapture of tax deduction, state income tax as well as penalties. You should talk to a qualified professional about how tax provisions affect your circumstances. Limitations apply.2
You have more control
You're never locked in and can withdraw your funds for any reason at any time.3
You enjoy more flexibility
Funds in your child's account are transferable to another eligible family member, which includes siblings, stepchildren, parents, even first cousins.
