If you live or pay taxes in another state, you should check your own state's Section 529 plan to determine whether there are benefits for state residents. State income tax treatment for non-Virginia residents may be different than what is described in our materials, so if you invest in a Virginia plan, you should check with your state's tax department to see how they treat investments in out-of-state Section 529 plans. The Virginia state tax benefits are only for account owners of VCSP accounts (VPEP, VEST, or CollegeAmerica) who have Virginia taxable income. Contributions to other states' Section 529 plans are not eligible for the Virginia state tax deduction.

If you have any questions concerning the information above, please contact us at vcspinfo@virginia529.com or call us at 1-888-567-0540.