State Tax Breaks for 529 Contributions Venice CA

Many states require you to contribute to an in-state plan, but some states allow you to contribute to any state's plan and still receive the tax deduction. Be sure to check the regulations for your state before selecting a plan.
The Art Institute of California - Los Angeles
(310) 752-4700
2900 31st St
Santa Monica, CA
Santa Monica College
(310) 434-4000
1900 Pico Blvd
Santa Monica, CA
Toni & Guy Hairdressing Academy - Santa Monica
(310) 451-0101
1358 5th St
Santa Monica, CA
American Intercontinental University - Los Angeles
(310) 302-2000
12655 West Jefferson Blvd
Los Angeles, CA
California Healing Arts College
(310) 826-7622
12217 Santa Monica Blvd, Suite 206
Los Angeles, CA
Argosy University - Los Angeles
(310) 866-4000
2950 31st Street
Santa Monica, CA
Yo San University of Traditional Chinese Medicine
(310) 577-3000
13315 W. Washington Boulevard
Los Angeles, CA
Pardee Rand Graduate School of Policy Studies
(310) 393-0411
1776 Main St
Santa Monica, CA
Emperor's College of Traditional Oriental Medicine
(310) 453-8300
1807 Wilshire Blvd, Ste #200
Santa Monica, CA
West Los Angeles College
(310) 287-4200
9000 Overland Avenue
Culver City, CA
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State Tax Breaks for 529 Contributions

State Tax Breaks for 529 Contributions

Looking for a way to shave your tax bill? Nearly every state in the union that has a state income tax now offers a tax deduction if you're contributing to a 529 plan.

Many states require you to contribute to an in-state plan, but some states allow you to contribute to any state's plan and still receive the tax deduction. Be sure to check the regulations for your state before selecting a plan. Here's a quick look at some of the most current tax breaks in place:

...
  State   529 Deduction
 Alabama  Beginning in 2008, up to $5,000 per year
 Alaska  N/A - No state income tax
 Arizona  Beginning in 2008, $750 for single filers / $1,500 for joint (any state plan)
 Arkansas  Up to $5,000 for single filers / $10,000 for joint
 California  None
 Colorado  Fully deductible up to contributor's adjusted gross income
 Connecticut  Up to $5,000 for single filers / $10,000 for joint
 Delaware  None
 District of Columbia Up to $4,000 per contributor per year
 Florida  N/A - No state income tax
 Georgia  Up to $2,000 per beneficiary per tax return
 Hawaii  None 
 Idaho  Up to $4,000 per contributor per year
 Illinois  Up to $10,000 for single filers / $20,000 for joint filers
 Indiana  20% tax credit up to $5,000 in contributions per individual tax return per year (maximum yearly credit is $1,000)
 Iowa

Author: Amy Ambler

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