529 PLANS

529 News

Oklahoma amends state income tax deduction for contribution

(June 10, 2005) - Beginning in 2005, the Oklahoma state income tax deduction cap for contributions to the state's 529 plan is changed from $2,500 per account to $10,000 per taxpayer ($20,000 per joint return). In addition, excess contributions may now be carried forward for as many as five years.

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