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Schwab Is Not SVB

Motley Fool Money

How to Use a 529 Account to Pay Off School Loans

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There is no deduction federally for contributing to a 529. You might get a deduction on your state tax return, but that's not going to give you a 20 to 30% discount. The highest state tax rate in this country is over 13%. For some states, the money has to have been there for at least a year.

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