Are you looking to start saving money for your children's future education? Are you looking for tax deduction/credit opportunities? We have the plan for you! Open a 529 MN College Savings Plan.
The earnings from this plan grow free from federal taxes, and Minnesota offers a state tax deduction of up to $3,000 for a married couple filing jointly and $1,500 for all other filers. You can also withdraw the money at any point tax free when the funds are used for any qualified higher education expense.
Making contributions is easy, and you can open an account with as little as $25.
This can be a wonderful way to earn a tax deduction while putting away funds for your children's future!
To view full details of this plan, click here to view the Plan Disclosure Booklet.
For more details on the tax deduction or credit , click here: 529 News.