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Education
Mostly - just the contributions - not the earnings. For Illinois taxpayers, contributions to Bright Start are tax deductible. Contributions are deductible up to $10,000 per year ($20,000 if married filing jointly). You can also deduct the contribution portion (but not the earnings portion) of a rollover from another state's 529 plan.
Reference: College Savings
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March 12, 2024
10:31 AM