Maximize Your 529 Deduction Massachusetts: 2025 Guide
Understanding the Massachusetts 529 Plan Deduction Planning for your child's college education is a significant undertaking, but Massachusetts offers a valuable tax advantage to ease the financial burden: the 529 plan deduction. This deduction reduces your state income tax liability based on contributions made to a qualified 529 college savings plan. This translates directly to more money in your pocket, rewarding your proactive saving habits. But how much can you actually save?...