The Path2College 529 plan is a great way for families to save for their kids’ or grandkids’ education expenses. Contributions into the plan are not deductible on your federal tax return but you CAN deduct a certain amount on your Georgia state tax return.

The amount you can deduct on your GA state income tax return doubled.

  • Single Filers – $2,000 to $4,000
  • Joint Filers – $4,000 to $8,000

If the funds are used for qualifying education expenses then the account growth is enjoyed tax free. This means that the earlier you start the better!

Posted in Education Planning, Financial Planning

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