Monday, April 22, 2013

Georgia Section 529 Plan

You can contribute up to $2,000 per child for college to a section 529 Georgia plan and take a deduction on your Georgia tax return. You don't get a Federal deduction but the funds grow tax free. You can contribute to any other state's 529 plan too, but you won't get the GA deduction then. You deduct the amounts on schedule 1 line 8 on the GA return for  Georgia higher education savings plan.

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