Footnotes

1 Withdrawals for tuition expenses at a public, private or religious elementary, middle, or high school, registered apprenticeship programs, and student loans can be withdrawn free from federal and Oklahoma income tax. If you are not an Oklahoma taxpayer, these withdrawals may include recapture of tax deduction, state income tax as well as penalties. You should talk to a qualified professional about how tax provisions affect your circumstances. Apprenticeship programs must be registered and certified with the Secretary of Labor under the National Apprenticeship Act. Student loan repayment subject to a lifetime limit of $10,000 per individual when using a 529 plan. ↩

All 529 plans have some common, federally established features, such as:

On a federal level, earnings are tax-deferred, and qualified withdrawals are federal income tax-free

The funds saved in any 529 plan can be used at eligible schools across the country

Unique features of Oklahoma 529 include:

A generous Oklahoma state income tax deduction, only available to Oklahoma taxpayers through Oklahoma 529

Oklahoma state income tax-deferred earnings and tax-free qualified withdrawals (mirrors the federal income tax treatment)

Low fees— Oklahoma 529 fees are currently less than the national average for 529 plans 1

Oklahoma 529 offers the Ugift ® feature for easy gifting from family and friends