Deductions & Credits

The Wisconsin 529 plan tax deduction allows state residents to reduce their taxable income by contributing to college savings accounts.

Colorado 529 plan contributions through CollegeInvest allow residents to deduct savings from state income taxes for education expenses.

Georgia residents contributing to the Path2College 529 Plan receive state income tax deductions of up to four thousand dollars.

Michigan state income tax deductions allow resident contributors to reduce taxable income by funding education savings accounts.

Virginia 529 plan tax deductions and two specific savings options, Invest529 and CollegeAmerica, help residents lower current tax burdens.

Pennsylvania residents can reduce state income taxes by deducting contributions made to any state 529 college savings plan.

The Ohio CollegeAdvantage 529 Savings Plan provides residents state income tax deductions for higher education contributions.

Indiana CollegeChoice 529 plan contributions earn a twenty percent state tax credit up to one thousand dollars annually.

Illinois residents contributing to Bright Start or Bright Directions 529 plans receive a state income tax deduction.

New York state taxpayers can deduct up to five thousand dollars for individuals or ten thousand for couples in annual 529 plan contributions.