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Education
Are there limits on the rollover contributions form another state’s 529 plan? For instance, if I move from Florida to IL and roll over 100,000 (principal) to IL’s Brightstart 529, can I deduct 100,000 from my IL income and effectively save $4,950 in state tax (assuming 4,95 IL tax rate)?
September 18, 2024
10:16 PM