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Tag: college

Information about Qualified Tuition Plans (or 529 Plans)

by Randy Chalmers on September 9, 2022.

South Carolina taxpayers can deduct 100% of their contributions on their state tax returns (one of only four states that offer 100% of contributions to be claimed). There are two types of 529 plans: prepaid tuition plans and education savings plans. Prepaid Tuition Plans allow the account holder to purchase credits for future use at...