Sunday, March 15, 2009

GA 529 plan for kids college savings

Somehow I missed the fact that in 2007 governor Sonny Perdue changed the income restrictions on getting a tax deduction for 529 plan contributions in Georgia. It is actually still possible to make a contribution now for tax year 2008 if you haven't already filed your taxes. You can deduct up to $2,000 per contribution per beneficiary from Ga taxes. Here is the web site, but if you want to do the 2008 contribution it says you need to call them at the phone # listed.

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