529 PLANS

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Arkansas now allows excess 529 contributions to be carried forward

(April 5, 2017) - Contributions to an Arkansas 529 plan of up to $5,000 per individual and up to $10,000 per year per married couple filing jointly are deductible in computing Arkansas taxable income. The state now allows investors to carryforward any excess contributions over this amount to claim an additional tax deduction over the next four years.

For more information, click here.

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