Can I deduct a 529 contribution for a grandchild in Missouri? I'm not the account owner.

danny-wilbanks · ‎May 31, 2019

IreneS · ‎May 31, 2019

What state do you live in?

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danny-wilbanks · ‎May 31, 2019

Missouri

IreneS · ‎May 31, 2019

Unfortunately, no --you must be the account owner.

According to the Missouri’s 529 College Savings Plan (MOST) website:

If you're the account owner and you live in Missouri, you can deduct up to $8,000 ($16,000 if you're married filing jointly) of your MOST 529 Plan contributions when you file your state income taxes.

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Can I deduct a 529 contribution for a grandchild in Missouri? I'm not the account owner.

Can I deduct a 529 contribution for a grandchild in Missouri? I'm not the account owner.

Can I deduct a 529 contribution for a grandchild in Missouri? I'm not the account owner.

Can I deduct a 529 contribution for a grandchild in Missouri? I'm not the account owner.

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Can I deduct a 529 contribution for a grandchild in Missouri? I'm not the account owner.

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Can I deduct a 529 contribution for a grandchild in Missouri? I'm not the account owner.

Can I deduct a 529 contribution for a grandchild in Missouri? I'm not the account owner.

Can I deduct a 529 contribution for a grandchild in Missouri? I'm not the account owner.

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