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529 plan state tax deduction

 

Bill Dannevik
(@dannevik872)
New Member Customer
Joined: 11 months ago
Posts: 1
Topic starter  

Does pralana gold include the state income tax deduction for contributions to a 529 plan?


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Stuart Matthews
(@smatthews51)
Member Admin
Joined: 1 year ago
Posts: 248
 

Bill,

Not currently, but I am trying to get that included in the 2022 model.

Stuart


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Stuart Matthews
(@smatthews51)
Member Admin
Joined: 1 year ago
Posts: 248
 

Bill,

I spent some time today investigating this further, including the potential benefits vs. the complexity of doing the implementation. At least for now, I've decided against putting this into the 2022 model. There are quite a few state-to-state variations in the rules which would make the implementation quite difficult and for most people it doesn't appear that the benefits would be too significant. Please feel free to comment if you think I'm missing something here.


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