INDIANAPOLIS, Ind. (WTWO/WAWV)— In honor of September being National College Savings Month, Indiana529 is going to be awarding someone with a $10,000 deposit in their Indiana529 account.

Indiana529 accounts are special bank accounts created by the Office of the Indiana Treasurer of State to help save for post-high school education. Funds from the account grow tax-deferred, and distributions are tax-free as long as the money is withdrawn to pay for qualified education expenses. These expenses can include tuition, books, computers, equipment, and fees. You could also be eligible for an annual state income tax credit of 20% of the contributions to your account up to $1,500 a year or $750 for married couples that file separately.

“Every Hoosier child deserves the opportunity to pursue their

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