Latest / The College Savings Podcast with Fexingo: 529 Plans, Education Funding, and Student Costs
How State Tax Credits Make 529 Plans Even Better
Episode 5 of The College Savings Podcast with Fexingo dives into state tax credits and deductions for 529 plans—a feature that can boost savings by thousands. Lucas and Luna break down how over 30 states offer these incentives, with specific examples like Indiana's 20% credit (up to $1,000 back) and New York's deduction of up to $10,000 per beneficiary. They explore eligibility rules, the difference between credits and deductions, and how to navigate state clawback policies. Plus, they discuss strategies for maximizing benefits, including timing contributions and leveraging…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.