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Are 529 contributions tax deductible in Texas?

Contributions to the Texas 529 plans are not tax-deductible on state income tax returns. Texas is one of nine states that do not have a state income tax and therefore do not offer a tax deduction or tax credit based on contributions to the states 529 plan.

How do I contact Scholars Edge 529?

The Plan Description and Participation Agreement contains this and other information about the Plan, and may be obtained by asking your financial advisor, by visiting scholarsedge529.com or calling 1.866. 529. SAVE (1.866. 529.7283).

Are contributions to a 529 plan tax deductible in New York?

Yes, but only up to the maximum allowed deduction for your tax filing status. Account owners can deduct up to $5,000 in Plan contributions from New York state income taxes each year if single, and $10,000 if married filing jointly. These limits apply to the taxpayer, not to each individual beneficiary.

Does Texas have 529 plan?

Texas has two 529 college savings plans, the Texas College Savings Plan and the Lonestar 529 Plan. The Texas College Savings Plan allows individuals to open it online as a direct-sold 529 plan.

Does principal have 529 plans?

Principal Global Investors is the investment manager for Scholars Edge 529 Plan. Principal Funds Distributor provides marketing and distribution services for Scholars Edge. Principal Global Advisors designed the enrollment-based and target risk portfolios to meet a broad range of education savings goals.