MarilynG
Expert Alumni

Education

There is no deduction allowed in your Federal return for 529 contributions.

Michigan gives you a deduction if you contribute to a state-sponsored 529 plan.

Since10K is the maximum deduction they are allowing for your contributions, there may not be any carryover for excess contributions.

Here's a link to the FAQ for the program:

https://www.misaves.com/help/faq/

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