Does Wyoming offer a 529 Education Savings Plan?
Wyoming no longer offers a 529 plan. The state dissolved the fund and paid the balances to the participants in 2006.
The state of Colorado allowed the residents of Wyoming to participate in Colorado’s 3 CollegeInvest plans as in-state residents, but that lasted only 5 years and was terminated in 2011.
Common 529 Questions
What is a 529 Plan?
529 plans are accounts used for educational purposes. The earnings grow on a tax deferred basis, and can be withdrawn tax free if used for qualified educational purposes.
What type of institution qualifies for tax free benefits?
Colleges, universities, public or private k-12 schools, religious schools, post secondary institutions such as trade schools.
What type of expenses are considered to be qualified?
- tuition and fees
- k-12 tuition | up to $10,0000 per calendar year
- technology expenses such as computers and internet
- books and supplies
