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State tax filing
Q. Can I claim a gift contribution from someone else that's made into my Michigan 529 Plan?
A. No. Only the person making a contribution can take the deduction. But, that person can do so even though you are the owner of the 529 plan. The most common example: the grandparent can take a deduction, on their MI return, for making a contribution to a 529 plan owned by the parent.
‎January 4, 2025
6:15 AM
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