Invest in your child’s future in 2025 through the gift of education!

With the cost of college tuition continually increasing, most parents/guardians/grandparents can use some help saving for college expenses. To make it easier for you to save for a family member’s college education, James Madison University is offering both ABLE and 529 College Savings Plans that allow automatic funding via payroll.

Benefits of Investing in a 529 Plan:

• Virginia resident state tax deductions of up to $4,000 per year and per beneficiary, with unlimited carryforward for excess amounts. Great way to maximize state tax benefits.
• Federal gift tax exclusions have increased to $19,000 (filing single) and $38,000 (filing jointly) in 2025. This means, you can gift up to these amounts, per year and per beneficiary, without paying gift taxes.
• For those looking to make a lump sum, front-load 5 years worth of contributions in 2025 with contribution limits of up to $95,000 (filing single), or $190,000 (filing jointly) for gift tax purposes.
• A smart way to start or boost college savings while leveraging gifting exclusions and state tax deductions!

LET’S CONNECT!

Please make your virtual appointment by clicking here.

WHEN: December 16^th from 9AM to 3:30PM ET via Zoom

CollegeAmerica® 529 college savings plan with JMU payroll deduction through American Funds & FIRM

Get started today! Apply now at: https://firmadvisor.com/site/jmu-529-plan-application/

Need more information? To know more, visit: https://firmadvisor.com/site/james-madison-university/