Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does Mississippi follow the Internal Revenue Code for Qualified Tuition Programs?

April 26, 2017code Follow Internal Mississippi Programs qualified revenue tuition

0

Posted

Does Mississippi follow the Internal Revenue Code for Qualified Tuition Programs?

1 Answer

0

Posted

Mississippi conforms with the current treatment of qualified prepaid tuition programs governed by Section 529 of the Internal Revenue Code. Distributions from qualified prepaid tuition plans will not be subject to tax if used for higher education; however contributions which may be claimed as an adjustment to income is limited. (question follow of fed 529 program).