Nebraska State Treasurer Promotes NEST 529 Holiday Gifting and Year-End Tax Benefits
(LINCOLN, Neb. November 12, 2025) – This holiday season, Nebraska State Treasurer Joey Spellerberg is encouraging families and friends to consider the gift of education by contributing to a loved one’s NEST 529 Education Savings Plan account. In addition to traditional gifts, a contribution to a NEST 529 account offers a thoughtful and lasting way to invest in a child’s future.
“The best gifts don’t always come in wrapping paper,” Spellerberg said. “A NEST 529 contribution can help open doors for a child’s future education while offering real tax benefits for account owners. It’s a simple way to give something that lasts long after the holidays are over.”
How to Gift
It’s easy to invite friends and family members to contribute to a NEST 529 account. To get started, visit NEST529.com/Friends-Family-Gifting. When a contribution has been made, the gift-giver can order or print a NEST 529 holiday gift card to share with the recipient.
“Whether it’s grandparents, godparents, or close friends — everyone can play a part in helping a child reach their dreams,” Spellerberg added. “Each contribution, no matter the size, helps make future education more attainable.”
Maximize Tax Benefits Before Year-End
As 2025 comes to an end, account owners can also take advantage of the tax benefits that come with NEST 529 contributions. Nebraska account owners are eligible to receive a Nebraska state income tax deduction of up to $10,000 ($5,000 if married, filing separately) for contributions made to their own NEST accounts.[1]
“Making a year-end contribution is a smart way to finish the year strong,” Spellerberg said. “Not only are you helping prepare for education expenses down the road, but you may also reduce your state tax burden this year.”
Contributions must be postmarked by December 31, 2025, to qualify for 2025 tax benefits. Account owners can also contribute online by logging into their account at NEST529.com.
Visit NEST529.com/Tax-Benefits to read more about the benefits of the NEST 529 Education Savings Plan.
The Nebraska State Treasurer serves as the Program Trustee. All investments, including the portfolio structure offered through the NEST 529 program, are vetted and approved by the Nebraska Investment Council.
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About NEST 529
NEST 529 is a tax-advantaged 529 education savings plan and provides four plans to help make saving for college simple and affordable: NEST Direct College Savings Plan, NEST Advisor College Savings Plan, Bloomwell 529 Education Savings Plan, and State Farm 529 Savings Plan. The Nebraska State Treasurer serves as Program Trustee. Union Bank and Trust Company serves as Program Manager, and all investments are approved by the Nebraska Investment Council. Families nationwide are saving for college using Nebraska’s 529 Education Savings Plans, which have over 300,000 accounts. Visit NEST529.com and treasurer.nebraska.gov for more information.
About Union Bank and Trust Company
Founded in 1917 with over 50 years of family ownership, Union Bank and Trust Company offers complete banking, lending, investment, and trust services. The bank has 38 full-service and loan production offices in Nebraska and Kansas. It is the third largest privately owned bank in Nebraska, with bank assets of $8.7 billion and trust assets of $40 billion as of December 31, 2024. Voters have chosen Union Bank and Trust Company as Best Bank, Best Work Environment, and Best Financial Planner in Lincoln for fourteen years running.
Important Legal Information
An investor should consider the investment objectives, risks, and charges and expenses associated with municipal fund securities before investing. This and other important information is contained in the fund prospectuses and the NEST Direct College Savings Plan Program Disclosure Statement (issuer’s official statement), which can be obtained at NEST529.com and should be read carefully before investing. You can lose money by investing in an Investment Option. Each of the Investment Options involves investment risks, which are described in the Program Disclosure Statement.
An investor should consider, before investing, whether the investor’s or beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan. Investors should consult their tax advisor, attorney, and/or other advisor regarding their specific legal, investment, or tax situation.
The NEST Direct College Savings Plan (the “Plan”) is sponsored by the State of Nebraska, administered by the Nebraska State Treasurer, and the Nebraska Investment Council provides investment oversight. Union Bank and Trust Company serves as Program Manager for the Plan. Union Bank and Trust Company is registered as a municipal advisor with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB). The Plan offers a series of Investment Options within the Nebraska Educational Savings Plan Trust (the “Trust”), which offers other Investment Options not affiliated with the Plan. The Plan is intended to operate as a qualified tuition program.
Except for any investments made by a Plan participant in the Bank Savings Underlying Investment up to the limit provided by Federal Deposit Insurance Corporation (“FDIC”) insurance, neither the principal contributed to an account, nor earnings thereon, are guaranteed or insured by the State of Nebraska, the Nebraska State Treasurer, the Nebraska Investment Council, the Trust, the Plan, any other state, any agency or instrumentality thereof, Union Bank and Trust Company, the FDIC, or any other entity. Investment returns are not guaranteed. Account owners in the Plan assume all investment risk, including the potential loss of principal.