Archive for June, 2009
529 Plan Contributions Deductible
June 16th, 2009
Question: Are employer contributions to 529 plans deductible or taxable to the employee?
I work for a very small company with very generous benefits. They are considering making contributions to dependent 529 plans for college education. Are these contributions deductible for them or taxable to me?
Answer: Both.
These payments would be a taxable benefit to you and deductible to the employer.
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