Will my 529 contributions reduce my taxable income (federal/state)?

derek-hatzenbuhl · ‎June 4, 2019

I live in California

MaryK1 · ‎June 4, 2019

No, the IRS has never allowed a deduction for 529 contributions and California is one of the few states that do not have a deduction.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

MaryK1 · ‎June 4, 2019

No, the IRS has never allowed a deduction for 529 contributions and California is one of the few states that do not have a deduction.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.