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Smart Savers Blog

A Holiday Gift with Staying Power


This year, consider giving the children in your life a gift with more enduring value and utility than another new doll or a flashy hoverboard – the gift of education in a Virginia529 account.

By starting or contributing to a Virginia529 account for your child, grandchild, or other relative, you open doors for the future and lessen the burdens of debt or repayment plans. This gift is more than a present for the holidays; it’s an investment in the child’s dreams.

To add some flair for the kids, pair the gift certificate with a tangible symbol of what an education can bring. For example, if your child dreams of being a veterinarian, give the gift certificate with a stuffed animal. Budding architects might get a set of building blocks alongside the gift certificate, while astronauts can receive stargazing equipment.

Plus, opening or adding to your Virginia529 account rewards you with a gift, too. Account owners who pay Virginia state income taxes can claim a state individual income tax deduction of up to $4,000 per account.

This year, give the gift of education. Enjoy the holidays!

Virginia529 Gift Certificates

Resources to help you learn

Frequently Asked Questions

Find answers to the most common questions about 529 plans.

Smart Savers Academy

Tune in to a live episode and ask questions of the presenter, or watch a previously recorded webinar below.

Invest529 Portfolio Performance

Review and compare historical returns of Invest529 portfolios.