ErnieS0
Expert Alumni

State tax filing

Deductible contributions to a Michigan 529 plan are limited to $10,000 for married couples filing jointly or $5,000 for individuals filing single per year. This is total, not per account.

 

Enter only $10,000 or $5,000 even if you contributed more. TurboTax will give you an error if you exceed those amounts, as those are the deductible limited.

 

Related Resource:

About 529 Plans: Is there a Michigan income tax deduction?

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