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gtcuellar
New Member

Can grandparents claim a 529 plan contribution for their grandson in Texas?

 
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Accepted Solutions

Can grandparents claim a 529 plan contribution for their grandson in Texas?

Unfortunately, no.

529 contributions are not tax deductible at the federal level and Texas does not have state income tax on which to claim the deduction. 

Generally, you cannot deduct these payments on an out of state tax return.

For more information, follow this link: https://www.texascollegesavings.com/

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3 Replies

Can grandparents claim a 529 plan contribution for their grandson in Texas?

Where do grandparents live?
gtcuellar
New Member

Can grandparents claim a 529 plan contribution for their grandson in Texas?

Texas

Can grandparents claim a 529 plan contribution for their grandson in Texas?

Unfortunately, no.

529 contributions are not tax deductible at the federal level and Texas does not have state income tax on which to claim the deduction. 

Generally, you cannot deduct these payments on an out of state tax return.

For more information, follow this link: https://www.texascollegesavings.com/

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