Gifting MET

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    Do you have questions about saving for college? Talk to the experts today. MET staff are available Monday through Friday 8 a.m. to 5 p.m.. Call 1-800-638-4543 or email TreasMET@Michigan.gov.

     

     

     

THE GIFT THAT CAN CHANGE THEIR FUTURE

  • You can give a child or grandchild a gift they may not even remember, or you could give them an education they’ll never forget. This holiday, give college credits for their future. MET allows you to prepay for undergraduate tuition for the future … at today’s rates. Which not only makes great financial sense, it also makes for a truly meaningful gift.

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IS A GIFT FROM MET FUN? WELL, NOT AT FIRST.

  • There are lots of gifts you can give a child. But none are as valuable as the gift of higher education. 
    • Can an action figure help a child have less college debt in the future? No.  
    • Can a stuffed animal make a child feel secure when they’re all grown up? Doubtful.  
    • Is there room in a toy truck for somebody to enjoy the invaluable benefits of a college education? No way. 
    • Do any dolls include a $100 match? Nope. 
    • Can you get a nice tax deduction on a video game? Nope. 
    • Only a gift from MET can provide all those benefits.

    Admittedly, children may not appreciate it. 

    But they WILL the moment they realize – in the not-so-distant future – that their college education started with a gift from YOU way back in 2020.  

    You can even include this printable certificate with your gift.

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THE HOLIDAY GIFT THAT INCLUDES A $100 MATCH.

READY TO MAKE A HUGE DIFFERENCE IN YOUR CHILD OR GRANDCHILD’S LIFE?

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A GIFT THAT'S TAX DEDUCTIBLE? YES.

  • A purchaser may deduct the amount paid for a contract from taxable income when determining Michigan income tax for the year in which the contract is purchased. If a contract is purchased by a lump sum, the entire contract price may be deducted. For monthly payment plans or Pay-As-You-Go, the total contributions made during a given tax year can be deducted.
    Please note: Deductions are taken on Michigan tax form Schedule 1, line 18.

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