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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.

What is a state 529 limit?

The limits are intended to allow coverage of all college costs that are considered qualified higher education expenses. Once the combined balances of a beneficiary’s in-state 529 plans hit the state’s aggregate limit, no additional contributions can be made to any 529 plan administered by that state.

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