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What is the maximum amount I can deduct from my contributions to my Michigan Education Savings Program (MESP)?

April 26, 2017contributions deduct Education maximum MESP Michigan program savings

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What is the maximum amount I can deduct from my contributions to my Michigan Education Savings Program (MESP)?

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You may deduct the total of all contributions less qualified withdrawals made during 2008 by the taxpayer in the tax year to accounts established through the MESP. The deduction may not exceed $5,000 for a single return or $10,000 for a joint return per tax year.