Ohio 529 Tax Deduction 2024. For over 34 years, ohio’s 529 plan has helped families across the nation save money for their children’s future higher education costs with 529 tax benefits. In 2018, the state income tax deduction for contributions made to ohio’s 529 plan doubled from $2,000 to $4,000 per beneficiary, per year.
According to the college savings plan network, [2] state residents can deduct annual contributions to an ohio 529 plan on their taxes — up to $4,000. Financial planning / january 19, 2018 by sharon miller, cfp® / leave a comment.
Since 2000, The Yearly Deduction Has Been Set At A Maximum Of $2,000 Per Account But The New Year Brings A Big Change To This Ohio Tax Deduction.
Amounts contributed to ohio collegeadvantage:
Beginning With Tax Year 2023, Contributions To Any State's 529.
If the couple files taxes jointly in 2024 and has their money in a taxable account, this $10,000 would be reduced by:
Ohio 529 Tax Deduction 2024 Images References :
The Last Thing You Need To Be Sure Of Is That The.
Since 2000, the yearly deduction has been set at a maximum of $2,000 per account but the new year brings a big change to this ohio tax deduction.
Starting In 2023, Ohio Residents Who Contribute To Any 529 Plan (Not Just The Ohio 529 Plan) Are Allowed Up To $4,000 Per Beneficiary Per Year To Be.
If the couple files taxes jointly in 2024 and has their money in a taxable account, this $10,000 would be reduced by:
