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Get your taxes done using TurboTax
Yes, you can have 529 plans in multiple states.
If you work in New York and pay New York State income taxes, you may be entitled to a state tax deduction of up to $5,000 ($10,000 if you're married filing jointly) on contributions to your 529 Direct Plan account.
For more information, check NY 529 College Savings Program
For NJ , you can deduct up to $10,000 of contributions made during the year into an NJBEST account.
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March 26, 2024
6:51 AM