Is there a state tax deduction for Upromise College Fund account contributions?
No. This plan is sponsored by the State of Nevada, which does not have a state income tax. Many states provide tax deductions for contributions to 529 plans sponsored only by that state and some states provide tax deductions for contributions to 529 plans sponsored by that state or other states. * If you are not a Nevada taxpayer, consider before investing whether your or the designated beneficiary’s home state offers any state tax or other benefits that are only available for investment in such state’s qualified tuition program. ** A plan of regular investment cannot assure a profit or protect against a loss in a declining market.
Related Questions
- What can I do with the unused company contributions in my Upromise account after my student graduates from college?
- What can I do with the unused contributions in my Upromise account after my student graduates from college?
- Is there a state tax deduction for Upromise College Fund account contributions?
