WebTax Benefits for Illinois. An individual who files an individual Illinois state income tax return will be able to deduct up to $10,000 per tax year (up to $20,000 for married taxpayers filing a joint Illinois state income tax return) for their total, combined contributions to the Bright Directions Advisor-Guided 529 College Savings Program, Bright Start Direct-Sold … WebApr 7, 2024 · April 7, 2024 / 6:12 PM / CBS Chicago. CHICAGO (CBS) -- The tax deadline for this year is less than two weeks away – and if you typically file directly with the state and have not yet done so ...
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WebAug 9, 2024 · The first 529 College Savings Plan option for Illinois residents is the Bright Start Program. The Bright Start plan is more of a do-it-yourself program. This is taken directly from the Bright Start site: Starting a Bright Start plan takes as little as $25 and about 15 minutes when you enroll online. Like the 401 (k) plan you may use to save for ... WebChicago, IL 60634. Monday to Friday. 6:30am - 6:00pm. 708.831.4111. ... Bright Start Learning Center provides a safe environment for your child to explore his or her full … fall thanksgiving images
The Illinois Bright Start Program
WebApr 17, 2015 · Terry Says: You can start a 529 savings/investment plan using any state’s plan, and still use the money for college in any state. There is only one reason to use the Bright Start Illinois plan, and that is because you get a deduction on your Illinois state income taxes. Contributions of up to $10,000 for an individual, or $20,000 if married ... WebCollege Illinois! also enjoys federal gift and estate tax benefits.* Individuals subject to Illinois state income tax can deduct from their taxable income up to a maximum of $10,000 per year for contributions made toward the purchase of any College Illinois! prepaid tuition contract. Married couples filing jointly can deduct up to $20,000 per ... Web1 An individual who files an individual Illinois state income tax return will be able to deduct up to $10,000 per tax year (up to $20,000 for married taxpayers filing a joint Illinois state … Manage Account - 529 College Savings Plans for Your Future Student Bright Start Open an Account Today - 529 College Savings Plans for Your Future Student … See how Bright Start can help you save for college. You don’t need to be a financial … Tax Benefits. The Bright Start College Savings Plan offers attractive tax … Customer Stories - 529 College Savings Plans for Your Future Student Bright Start Kids grow up fast. Your future student will be ready to take on their college … convert jpg to artwork