WebThe Department of Revenue does not administer Georgia's Section 529 Plan. Information about the Plan can be obtained at www.path2college529.com or by calling 877-424 … WebJan 25, 2024 · Aggregate 529 plans limits apply to all 529 plans administered by a specific state and range from $235,000 to $550,000. ... Georgia, Mississippi. $235,000. ... contribution limits by state here. Limits on 529 plan state income tax benefits. Over 30 states offer a state income tax deduction or state income tax credit for 529 plan contributions ...
529 plan contribution deadlines for state tax benefits
WebAug 10, 2024 · If a taxpayer contributes to a Georgia 529 College Savings plan, a portion of the contribution can be subtracted from income on the Georgia return. Contributions up … WebGeorgia’s 529 Plan was established in 2002 and currently the plan allows Georgia tax filers to deduct up to $8,000 per year, per beneficiary if filing a joint state income tax return. Individual and Head of Household filers can … halsted timbers harare contact details
2024 Individual Income Tax Filing and Payment Deadline Extension …
WebGeorgia Income Tax Calculator 2024-2024. Learn More. On TurboTax's Website. If you make $70,000 a year living in Georgia you will be taxed $11,601. Your average tax rate is 11.67% and your ... WebOct 4, 2024 · A 529 plan, which gets its name from Section 529 of the Internal Revenue Code, is a state-run tuition account often used for tax purposes.With a 529 plan, your family can set aside money for a specific beneficiary’s higher education, and that money won’t be taxed. You can invest in a 529 plans in all 50 states and the District of Columbia. WebJul 15, 2024 · Has the April 15, 2024 deadline for making a deductible contribution to Georgia's 529 Plan (Path2College 529 Plan) been extended to July 15, 2024? Yes. As such a contribution made by July 15, 2024 may be deducted on an individual's 2024 Georgia income tax return, subject to the normal dollar, etc. limitations. halsted \u0026 co boksburg address