Enjoy tax breaks with the plan¹

• Earnings are federal-tax-free and may be free of taxes in other jurisdictions as long as the money remains in the account.
• When funds are distributed to pay for qualified higher education expenses, the distributions are exempt from federal, DC, and most states' income tax.
• Generally, money in a DC College Savings Plan account is not considered part of the account owner's estate for federal estate tax purposes.
• You can contribute up to $12,000 annually - or make a one-time contribution of up to $60,000 - free of gift taxes.²
• Contributions can be made until the accounts for the same beneficiary reach a total of $260,000.
• Account owners who are District of Columbia taxpayers may deduct up to $4,000 in plan contributions each year on their DC tax return (up to $8,000 for married couples filing jointly if both taxpayers own an account and make contributions). If a DC resident exceeds the $4,000 contribution deduction in a calendar year, he or she may carry forward the excess for up to 5 years.
• To be eligible for the current tax-year deduction, contributions must be postmarked by December 31.

For more information on the DC College Savings Plan, please contact your financial advisor or call 800.987.4859 (800.368.2745 for non-District residents).  An investor should consider the investment objectives, risks, charges, and expenses of an investment carefully before investing.  The District of Columbia College Savings Trust Program Disclosure Booklet contains this and other information.  Read it carefully before you invest or send money. An investor should also consider, before investing, whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's 529 college savings plan.