Arizona to increase 529 state income-tax deduction

Arizona's recently approved state budget includes a provision that will increase the deduction for contributions to a 529 plan. The new deduction increases from $750 to $2,000 for individual filers and from $1,500 to $,4,000 for joint filers. The enhanced deduction is effective for the December 31, 2013 taxable year and after.
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