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AmandaS

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Invest in out-of-state college 529?

My state (MA) does not have give tax deductions for 529 college contributions, even though the withdrawals are tax free.

So any other state open to non-residents and offering tax-free out-state withdrawals, would have no disadvantage over my home state. Is that correct?

949 day(s) ago

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JeffSimons 		09/30: At last count, 34 of the 41 states with a personal income tax—plus the District of Columbia—offered some type of state income-tax deduction or tax credit for money contributed into the home-state 529 plan. Five of those states allow the deduction for contributions to an out-of-state 529 plan as well. Millions of families have taken advantage of these deductions over the years, reducing state tax

Posted 949 days ago

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