Contributions to 529 plans are not deductible for federal tax purposes. Only the income from 529 plans is exempt from federal tax (when used for qualifying education expenses).
Contributions to 529 plans are deductible for GA tax purposes, but only when made to a Georgia Higher Education Savings Account. Contributions to 529 plans sponsored by other states are not deductible.
From Information About The Georgia Higher Education Savings Plan:
For tax years beginning on or after January 1, 2016, if you are a Single or Married Filing Separate filer, you may deduct up to $2,000 of your contribution on behalf of any beneficiary of a Georgia Higher Education Savings Account. If you are a Married Filing Joint filer, you may deduct up to $4,000 of your contribution on behalf of any beneficiary of a Georgia Higher Education Savings Account.
