I work in New York city and live in New jersey. Is there any tax benefit if I open a 529 account of NY?

jayesh-joseph · ‎June 6, 2019

DanielV01 · ‎June 6, 2019

Yes, there is a deduction for this. The deduction is not limited to resident New Yorkers, nor do the benefits have to be used on New York schools specifically. Please see this website for additional information: Out-of-state savers | NY 529 Direct Plan. You will note on that website this following link that provides more information on the tax benefits for contributing: Learn about the Direct Plan's tax benefits

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I work in New York city and live in New jersey. Is there any tax benefit if I open a 529 account of NY?