We’re fortunate here at CollegeCounts 529—we have our own built-in holiday every year.

But what good is celebrating by yourself, right? That’s why we’re inviting new mothers, new fathers, and new grandparents in Alabama to celebrate 5/29 Day with us.

Starting May 29th, we’re giving away a total of 29 contributions worth $529 each for new and existing CollegeCounts account owners!

Here’s how it works. If your family lives in Alabama and welcomed a new bundle of joy into this world anytime between May 29th, 2018 and May 29th, 2019, you may be eligible to enter on behalf of your child for a chance to win a 5/29 Day contribution. That’s all there is to it! You can enter by visiting our Facebook page and filling out a short entry form.

Registration begins May 29th, 2019 and closes on July 13th, 2019, so if you’re busy taking care of a newborn, you’ll have plenty of time to submit an entry. Take a look at the Official Rules for the 529 Day Giveaway to learn more about this great opportunity to win $529 to kickstart a CollegeCounts account for the new addition to your family!

If you are a parent or grandparent of a child at any age, but you’re not familiar with CollegeCounts 529, we hope this is an opportunity to change that. A CollegeCounts account is designed to make saving for college straightforward and easy. If you start now, and you make regular contributions, you could potentially save quite a nest egg for your child’s education.

As an added benefit, Alabama taxpayers may be eligible to take advantage of a state income tax deduction for contributions they make to CollegeCounts up to $5,000 for individuals or up to $10,000 for those married and filing a joint return if both taxpayers contribute to an account.1

Want to know how CollegeCounts 529 compares to 529 plans in other states? We were recognized in October 2018 with a Silver rating from Morningstar for the second year in a row, which means Alabama ranks among the top 529 plans nationwide. We’re awfully proud of that, too!

We hope this 5/29 Day is a productive one for you and your family. If you have a newborn in Alabama, enter the giveaway here, then learn more about the benefits of saving with CollegeCounts 529 and open an account today!

1Individuals who file an Alabama state income tax return are eligible to deduct for Alabama state income tax purposes up to $5,000 per tax year ($10,000 for married taxpayers filing jointly if both actually contribute) for total combined contributions to the Plan and other State of Alabama 529 programs. The contributions made to such qualifying plans are deductible on the tax return of the contributing taxpayer for the tax year in which the contributions are made. In the event of a Nonqualified Withdrawal from the Plan, for Alabama state income tax purposes, an amount must be added back to the income of the contributing taxpayer in an amount of the Nonqualified Withdrawal plus ten (10%) percent of such amount withdrawn. Such amount will be added back to the income of the contributing taxpayer in the tax year that the Nonqualified Withdrawal was distributed. Please consult with your tax professional.