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529 Plan K-12 Tuition Payments and Tax Credit
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September 29, 2020Did you know that 529 Plan funds aren’t just for college expenses? They can also be used to pay for K-12 tuition. This includes tuition at St. Anthony!
In addition, the state of Indiana offers an incentive to use these accounts. Indiana taxpayers can receive a state income tax credit equal to 20% of contributions up to a maximum tax credit of $1,000 per year. Consult your financial or tax adviser about your specific financial situation.