About MOST - Missouri's 529 College Savings Plan
Sign Up for a MOST 529 account!
The Missouri State Treasurer oversees MOST—Missouri’s 529 College Savings Plan. The MOST 529 Plan is a qualified tuition program established under Section 529 of the Internal Revenue Code. The MOST 529 Plan is designed to help families save for the costs of higher education, whether it’s college, trade, or technical school. Currently, federal and Missouri tax benefits enhance the value of investing in the MOST 529 Plan.
- You can now start an account with any amount and save as you are able.
- Owners of MOST 529 accounts are able to make a deduction for contributions of up to $8,000 per year per taxpayer ($16,000 for married filing jointly) from their Missouri state income taxes.
- Contributions can grow free from federal and Missouri income tax until withdrawn.
- When it is time for the beneficiary to go to college, trade or technical school, withdrawals used for qualified higher education expenses, including any earnings the investments may have yielded, will also be exempt from federal and Missouri income taxes.
The costs of higher education are significant, and prove challenging for growing families. The MOST 529 Plan understands this and has worked to increase access. You are now able to start an account with any amount and save for a child’s future as you are able.