The holiday season is approaching!

Here’s what you need to know to ensure that your withdrawals and other account-related changes are processed in a timely manner and that your contributions meet the deadline to qualify for a 2024 state tax deduction.

Holiday Schedule/Processing Timeframes

November: Offices will be closed beginning at 12:00 p.m. on Wednesday, November 27 through Friday, November 29. Normal business hours resume on Monday, December 2 at 8:30 a.m. ET.

December: Offices will be closed Tuesday, December 24 and Wednesday, December 25. Normal business hours will resume on Thursday, December 26 at 8:30 a.m. ET.

January: Offices will be closed on Wednesday, January 1. Normal business hours will resume on Thursday, January 2 at 8:30 a.m. ET.

Due to the holiday closing schedule, please anticipate a delay in receiving funds for refunds, payments to schools and all withdrawal requests. You’re encouraged to send Spring 2025 semester withdrawal request forms early to ensure meeting your student’s school payment deadline. These institutions have their own holiday closing schedule, so be sure to check with them about the timing of payments for Spring 2025.

Online Contributions and Withdrawals

Save time and a stamp! Use your online account to make contributions and withdrawals.

• Contributions: One-time and recurring contributions through your online bank account can be made daily up to 11:59 p.m. ET.
• Withdrawals: Online withdrawal requests can be submitted daily. Generally, requests received by 3:59 p.m. ET on each business day will be withdrawn from your account the next business day.

Note: Online contributions and withdrawals are subject to bank validation. If you add a new bank or additional information is required, processing times may be delayed.

Requests Submitted via Mail or Email

Requests will be processed according to the following schedule:

Year-End Contributions

Virginia taxpayers may deduct contributions up to $4,000 per Invest529 or Prepaid529 account per year from Virginia taxable income. To qualify for a 2024 state tax deduction, be sure to complete your transaction by the following deadlines:

• Electronic Bank Transfers/ACH transactions: must be received by Virginia529 by 11:59 p.m. ET on Tuesday, December 31, 2024.
• Checks or money orders: must be postmarked by Tuesday, December 31, 2024. Contributions may not post to your account until January but can qualify as long it is postmarked by December 31. Consider tracking the postmark date or using Certified Mail for tax documentation purposes. Be sure to include your Invest529 or Prepaid529 account number or Gift ID on the check.

As a reminder, cash contributions are not accepted. Checks or money orders should be mailed to the addresses below.