Sunday, September 14, 2008

Quick Update: Deductibility for Arizona 529 plans

A key provision of the Arizona 529 deductibility is that it applies to investment in ANY 529 plan, not strictly plans sponsored by Arizona. This element allows Arizona residents to select the best plan they can find nationwide and still enjoy a tax deduction. Of course, the relatively new Arizona option managed by Fidelity is a pretty good option for savers who are looking for a new 529 plan.