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529 Tax Credit or Deduction: Which Is More Valuable?

Morningstar Articles

Tue, 13 Aug 2013

Question: My state offers a tax deduction for 529 contributions made to our state's plan, but my sister's state offers a tax credit for 529 contributions. Which is better and why? Answer: Typically an income tax credit of any type is better--meaning that it saves the taxpayer more money--than an in

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