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NJBEST
NJBEST 529 PLAN BENEFITS
Get started for as little as $25
Can be used for more than just tuition and for for a variety of education options – including community college, trade schools, and apprenticeships
Earnings grow federal income tax free
Transfer savings to another family member.
NJBEST SCHOLARSHIP
Students at New Jersey colleges or universities can receive a tax-free college scholarship worth up to $3,000, depending on how long the plan has been open.
MATCHING GRANT OPPORTUNITY
One-time grant of up to $750 matched dollar-for-dollar of the initial deposit into an NJBEST account for new accounts and for new beneficiaries.
NJ STATE TAX INCENTIVES
NJ state tax deduction for contributions into an NJBEST account of up to $10,000 per year.
For taxpayers with gross income of $200,000 or less, beginning with contributions in tax year 2022.
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WHY AN NJBEST 529 PLAN
Get started for as little as $25
Can be used for more than just tuition and for for a variety of education options – including community college, trade schools, and apprenticeships
Earnings grow federal income tax free
Transfer savings to another family member.
LEARN MORE
NJBEST SCHOLARSHIP
Students at New Jersey colleges or universities can receive a tax-free college scholarship worth up to $3,000, depending on how long the plan has been open.
LEARN MORE
MATCHING GRANT PROGRAM
One-time grant of up to $750 matched dollar-for-dollar of the initial deposit into an NJBEST account for new accounts and for new beneficiaries.
LEARN MORE
NJ STATE TAX BENEFITS
NJ state tax deduction for contributions into an NJBEST account of up to $10,000 per year.
For taxpayers with gross income of $200,000 or less, beginning with contributions in tax year 2022.
LEARN MORE
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