The TNStars College Savings 529 Program is Tennessee’s own 529 program, a program that is designed to make college savings easy. The program offers parents and other relatives a low-cost way to save for children’s college expenses with attractive investment options and special tax advantages. The plan offers an age-based track where the allocation becomes more conservative as the child approaches college. The plan also offers individual investment options.
Tennessee's 529 program is available to anyone regardless of income level. Parents, grandparents, aunts, uncles, and friends can open accounts on behalf of children. Participants can enroll with as little as $25 per investment option. Participants may contribute up to $14,000 for an annual federal gift tax exclusion. Also, a lump sum of $70,000 may be contributed to a 529 plan and treated as if it were made over a five-year period to completely avoid the federal gift tax. Plan contributions aren’t considered to be a part of an estate for federal tax purposes. Account owners still retain control of the accounts, but do not pay federal estate taxes on the value of the accounts. But if a gift is spread over five years and the account owner passes away within the five years, a portion of the gift will be included in the estate.
How to get started
- Apply Online
- Find the location closest to you below, and use their contact information.
- All Ages of Children
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