Synopsis
This amendment eliminates the deduction for 529 College Savings Plans, and limits the deduction for 529A “ABLE” plans to individuals and couples with a federal adjusted gross income of less than $125,000 or $250,000 respectively.
This amendment eliminates the deduction for 529 College Savings Plans, and limits the deduction for 529A “ABLE” plans to individuals and couples with a federal adjusted gross income of less than $125,000 or $250,000 respectively.