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VEST: Contributions
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Contributions
Anyone can make a contribution to the account

While anyone can make a contribution, all payments made to a VEST account are deemed to come from the account owner for all tax reporting and other administrative purposes. The total value of all accounts for a single beneficiary in all section 529 plans administered by the VCSP (VPEP, VEST, CollegeAmerica, and CollegeWealth) is limited to $250,000.

Account owners can make contributions to their VEST account in the following ways:

  • Check or money order at any time
  • Payroll deduction (if offered by the employer)
  • Automatic deduction from a checking or savings account

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The total value of all accounts for a single beneficiary in all Virginia section 529 plans (VPEP, VEST, CollegeAmerica, and CollegeWealth) is limited to $250,000.
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