529 Plans

Make 529 plan contributions before the year end!

by Gregory Schaffer on Dec 7, 2018

529 Plans
If you're a new York State taxpayer and a 529 plan account owner, you may be able to deduct up to $5,000 ($10,000 if you're married filing jointly) of your Direct Plan contributions when you file your state income taxes. Please consult your tax advisor. You must make a contribution before the end of a given calendar year for it to be deductible for that calendar year. If you send your contribution by U.S. mail and it's postmarked on or before December 31, we'll treat your contribution as having been made in the year in which it was sent.
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