Submitted by Office of Treasurer Daniel Elliott
State Treasurer Daniel Elliott has announced that Joseph Ketcik of Zionsville is the winner of the Indiana529 $10,000 Education Sweepstakes.
“We are so thrilled to be the recipient of the sweepstakes,” Ketcik said. “Education is very important to our family, and saving for it is equally important. I personally graduated with $100,000 of student debt and knew I didn’t want that for my family in the future. I’m proud that a small step today will make a big difference in my son’s education journey. Thank you!”
“As a proud dad myself, it’s exciting to see this year’s $10,000 account deposit go to parents with a new baby,” Treasurer Daniel Elliott said. “He’s got a great start on funding his education dreams – whether it’s college, tech, trade, a registered apprenticeship, or beyond.”
Indiana529 provides account owners and gift contributors flexibility when it comes to saving for education after high school. Funds can be used at any eligible school or registered apprenticeship program, both in- and out-of-state. Accounts grow tax-deferred, and distributions are tax-free as long as the money is withdrawn to pay for qualified education expenses like tuition, books, computers, equipment, and fees.
Indiana taxpayers may also be eligible for an annual state income tax credit of 20 percent of contributions to Indiana529 accounts, worth up to $1,500 each year ($750 for married couples filing separately).
“We received more than 19,000 entries into this year’s sweepstakes, an all-time high,” said Marissa Rowe, executive director of the program. “We’re proud to see so many Hoosiers thinking about and saving for future education and career training.”
For more information about Indiana529 Plans, visit MyIndiana529.com.