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How much can you deduct from a 529 plan in Georgia?

Georgia taxpayers filing jointly can deduct up to $8,000 per year, per beneficiary in the Path2College 529 Plan contributions from their Georgia adjusted gross income. Individual filers can deduct up to $4,000. Investment earnings are 100% free from federal and Georgia state income taxes when used for qualified education expenses.1

How much can a path2college 529 plan contribute to a Georgia tax return?

Path2College 529 Plan offers compelling income tax benefits. Georgia taxpayers filing jointly can deduct up to $8,000 per year, per beneficiary in the Path2College 529 Plan contributions from their Georgia adjusted gross income. Individual filers can deduct up to $4,000.

Does Georgia have a 529 plan?

In 1996, Section 529 of the Internal Revenue Code was created by Congress allowing states to set up their 529 plans with certain tax benefits. Georgia’s 529 Plan was established in 2002 and allows Georgia tax filers to deduct up to $8,000 per year, per beneficiary if filing MJF, $4,000 for all other filers.

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