Are 529 contributions tax deductible?
Never are 529 contributions tax deductible on the federal level. However, some states may consider 529 contributions tax deductible. Check with your 529 plan or your state to find out if you’re eligible.
A 529 plan allows you to save for college or higher education while receiving some type of tax benefit. Earnings from 529 plans are not subject to federal tax and generally not subject to state tax when used for qualified education expenses such as tuition, fees, books, as well as room and board. The contributions made to the 529 plan, however, are not deductible.
For more information about 529 Contributions, visit: https://www.irs.gov/uac/529-plans-questions-and-answers
Expats are subject to recent changes under the Tax Cuts and Jobs Act much like any other taxpayer. Read on to learn more about how to prepare in the Tax Information Center.
Learn whether you can claim the earned income tax credit if you are married and filing separately with advice from the tax experts at H&R Block.
Learn whether you can claim education credits and deductions if your child's form 1098-T has his or her SSN on it with advice from the tax experts at
Learn about your tax filing status for a qualifying widow or widower with our articles from the tax experts at H&R Block.