Skip to main content

Smart Savers Academy

Saving with Virginia529 On Demand


The Tax Benefits of Saving With Virginia529


In a 529 account, your money can grow free from federal taxes when used to fund qualified higher education expenses at eligible education institutions nationwide. Virginia taxpayers enjoy the additional benefit of a state income tax deduction on contributions to a Virginia529 account. Join this session to hear:

  • A brief overview of Invest529 features and options
  • Federal tax advantages of 529 savings
  • How to receive a Virginia state income tax deduction and tax-free earnings 
  • Upcoming deadlines to submit a contribution for a 2021 Virginia state tax deduction 

Resources to help you learn

Frequently Asked Questions

Find answers to the most common questions about 529 plans.

Smart Savers Blog

Stay informed with the latest news and most up-to-date information

Invest529 Portfolio Performance

Review and compare historical returns of Invest529 portfolios.