Yeah baby! Georgia newborns receive college funds after being born on tax day.
Their parents got brand new deductions, and two baby boys born in Georgia on tax day already have college savings courtesy of the Peach State.
The two bundles of joy – among the first in the state to arrive on April 15 – received a nice kick start to their college savings– $1,529, which was put into a state-run 529 savings plans for each of them. The accounts, which remain tax-free as long as the proceeds are used for education, were set up to promote college saving through Georgia’s “The Path2College 529 Plan.”
