529 Education plan

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Subject Author Date 529 Education plan gf 02-14-2007   Re: 529 Education plan Todd H. 02-14-2007  Re: 529 Education plan Robert.FreitasJ... 02-20-2007  Re: 529 Education plan Robert.FreitasJ... 02-20-2007
Posted by on February 14, 2007, 4:59 am My state of Sc has a 5259 plan that fully deductible. Did I have to state the plan in 2006 for 2006 write off or can I just start one prior to filing taxes for 2006? Posted by Todd H. on February 14, 2007, 9:18 am gf@naturalproperties.com writes: > My state of Sc has a 5259 plan that fully deductible. Did I have to > state the plan in 2006 for 2006 write off or can I just start one > prior to filing taxes for 2006? Check your state's rules. In mine at least, that contribution needed to be be made by close of calendar year to count for ty2006. -- Todd H. http://toddh.net/ Posted by Robert.FreitasJr@gmail.com on February 20, 2007, 1:28 pm On Feb 14, 4:59 am, g...@naturalproperties.com wrote: > My state of Sc has a 5259 plan that fully deductible. Did I have to > state the plan in 2006 for 2006 write off or can I just start one > prior to filing taxes for 2006? In order to take a 2006 deduction the plan had to be established on or before Dec. 31, 2006. The contribution to the plan had to be made before that date as well. Columbia Management is the sponsor for the SC 529 plan and you can get more information from their website at www.futurescholar.com. Posted by Robert.FreitasJr@gmail.com on February 20, 2007, 3:07 pm On Feb 14, 4:59 am, g...@naturalproperties.com wrote: > My state of Sc has a 5259 plan that fully deductible. Did I have to > state the plan in 2006 for 2006 write off or can I just start one > prior to filing taxes for 2006? I would like to correct my earlier post. After just talking to a representative from Columbia Management they informed me that you have up to April 17 this year to make a 2006 contribution to the SC 529 plan. Similar Threads Posted 529 Education Savings Plan May 22, 2008, 5:05 am qualifying education expenses for I bonds? August 22, 2007, 5:08 am Mandatory Personal Finance Education November 15, 2007, 5:12 am Retirement IRA plan January 7, 2007, 7:35 am investment plan for 25K January 27, 2007, 4:58 am Can I use one 529 plan for two children? March 30, 2007, 3:02 pm Another 529 plan question: February 19, 2007, 5:02 am in-plan annuities September 1, 2007, 5:28 pm Need serious advice on my IRA plan..... March 8, 2008, 12:25 pm 401k plan April 23, 2008, 5:16 am