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New Member
posted Jun 4, 2019 1:11:24 PM

If I contributed to a Florida Prepaid plan for my 2 daughters college, do I need to put that anywhere in my taxes?

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1 Replies
Level 9
Jun 4, 2019 1:11:27 PM

No, contributions to 529 plans do not have a credit or deduction on the federal tax return, and Florida does not have state income tax for individuals so there is no state credit or deduction either.  You will not get your tax savings until you get the distributions.