Treasurer Fitzpatrick Announces MO Money for Your Account for MOST 529 Education Plan Participants
Jefferson City, MO –Missouri State Treasurer Scott Fitzpatrick today announced MO Money for Your Account for MOST 529 Education Plan participants. Throughout the month of May, Missourians who open a MOST 529 account and schedule recurring contributions will receive a $25 contribution to their new account. Those who already save using a MOST 529 account will be entered in a grand prize drawing of up to $5,290 when they increase or establish a recurring contribution.
“As Treasurer, one of my most important jobs is helping Missourians prepare for their financial future,” Treasurer Fitzpatrick said. “MOST 529 is a valuable program for Missourians preparing for education expenses from K-12 to higher education. Missouri’s tax benefits mean plan participants can save money on their taxes now while saving for the future. I hope Missourians will consider MOST 529 and get MO Money for their accounts this May.”
MOST, Missouri’s 529 Education Plan, is a tax-advantaged savings plan for education expenses. Money in MOST accounts can be used to pay for K-12 tuition, and trade, college, and graduate school tuition and expenses. Contributions are eligible for state tax deductions, which can save families up to $864 a year, and assets in MOST 529 accounts grow tax free.
Treasurer Fitzpatrick is committed to making MOST as cost effective and accessible as possible. Earlier this year, the Treasurer announced the launch of READYSAVE™ 529, an education savings mobile application for MOST 529 account owners. In 2020, Treasurer Fitzpatrick announced changes to the MOST 529 Plan that save Missourians millions of dollars in program management fees.
For full sweepstakes rules and to learn more about how to enter, visit MissouriMost.org/MoMoney.
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