Do I get any tax breaks for the contributions made to prepaid college?
There is no federal income tax deduction for contributions to a college savings plan. Many states do grant a deduction for contributions to these plans. Be sure and look for that deduction as you complete your state tax return.
Do I get any tax breaks for the contributions made to prepaid college?
There is no federal income tax deduction for contributions to a college savings plan. Many states do grant a deduction for contributions to these plans. Be sure and look for that deduction as you complete your state tax return.
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