154-Masterclass on 529 Plans a.k.a. Qualified Tuition Programs - Part 2: Savings Plans
Radical Personal Finance
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The State Income Tax Loophole
Some states will give you a state income tax deduction, is something known as the state income tax loophole. What you'll ned to do is calculate that and see if it is going to be better for you to have a plan from another state with lower expenses, but not take the deduction in your own state. Or better to use your own state's plan, which has higher expenses, but be able to get the tax deduction. Let me go through an alphabetical order, each of the 50 states and tell you what the benefit is in that state. If this is boring to you, feel free to skip through to the end of just advance 30 seconds or so.
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