Treasurer of State Daniel Elliott recently announced Indiana’s CollegeChoice 529 Savings Plans has rebranded to Indiana529.

The new name and updated look reflect the expansion of 529 plans to provide more opportunities for families, according to a news release from Elliott’s office.

“Over the years, 529 plans have evolved to become more inclusive of all higher education pursuits, including college, technical school, apprenticeships and beyond,” Elliott said. “This rebrand is an exciting representation of that. Hoosiers have big dreams and Indiana529 is helping families save early and often – expanding opportunities and paving the way for all students to find future success.”

Indiana529 is the state-sponsored investment plan, offering a simple and tax-smart way to save for your children’s (or grandchildren’s) future education expenses. For every dollar you invest, savings grow tax-free and can be used for qualified expenses such as tuition, fees and equipment at eligible schools across the country, including two- and four-year colleges, tech and trade schools, graduate schools and registered apprenticeship programs.

Indiana taxpayers also may be eligible for a state income tax credit of 20% of contributions to an Indiana529 account, up to $1,500 ($750 for married couples filing separately) per year. Since you don’t have to own the account to receive the credit, this can make gifting to an Indiana529 account very attractive to family and friends who want to support a child’s dreams.

“Saving for the future is easier than you think,” said Marissa Rowe, the program’s executive director. “Indiana529 offers families the flexibility they need to save on every budget and timeline. And with additional gift tax and estate planning benefits, contributors can save in the process, too!”

For just $10, you can open an Indiana529 account and begin saving today.

Visit MyIndiana529.com to learn more and get started.