Michigan 529 Plan

[rciccotelli]

Can I claim a gift contribution from someone else that's made into my Michigan 529 Plan?

[xmasbaby0]

Claim the contribution for what, exactly?   Gifts you receive are not entered on your tax return.

[rciccotelli]

Contributions into a 529 plan are deductible on state taxes. Someone cane make a contribution into it and they are called gift contributions,

[xmasbaby0]

Someone more familiar with the rules for this in MI will need to respond.  You have not mentioned whether the money was put directly into the fund by the donor, or if the money was just given to you and you put it into the fund.

[LenaH]

No. Per the 2024 MI-1040 instructions (page 15), you can only deduct the amount of 529 contributions made by the taxpayer. 

@rciccotelli 

[Hal_Al · Accepted solution]

Q. Can I claim a gift contribution from someone else that's made into my Michigan 529 Plan?

A. No.  Only the person making a contribution can take the deduction.  But, that person can do so even though you are the owner of the 529 plan.  The most common example: the grandparent can take a deduction, on their MI return, for making a contribution to a 529 plan owned by the parent.