If a taxpayer contributes to a Michigan 529 college plan, a portion of the contribution can be subtracted from income on the Michigan state tax return.
Contributions of up to $5,000 per year are eligible for a Michigan state income tax deduction for those filing a single return; and up to $10,000 per year for those filling a joint return.
To enter the deductible portion of the contributions in ProWeb, from Michigan Return menu select:
- Subtractions from Income
- Enter your total contributions, less qualified withdrawals, to the Michigan Education Savings Program, MI 529 Advisor Plan, and MI Achieving a Better Life Experience Program - Enter the taxpayer (and spouse) contributions to the plan but not more than $5,000 per beneficiary, or $10,000 for MFJ filers.
Additional Information:
Michigan State Tax Information
Michigan Education Savings Program
While TaxSlayer Pro strives to make the information and links contained on this page as timely and accurate as possible, TaxSlayer Pro makes no promise or guarantee about the timeliness, accuracy or completeness of the contents of this page. The information contained on this page is for general information and is not intended to be tax advice. The user is also encouraged to review the underlying state resources and publications.