South Carolina Future Scholar Tax Deduction

South Carolina follows federal tax-free treatment. Plan Details: Future Scholar 529 College Savings Plan (Direct-sold) South Carolina : South Carolina follows federal tax-free treatment. Enroll Now: Palmetto ABLE Savings Program South Carolina : There is no South Carolina state income tax on Rollovers. Plan Details: South Carolina Tuition.

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Some states will offer a state tax deduction or credit or other benefits to its taxpayers, so before investing in any 529 plan, make sure you look at your home state’s options first. South Carolina. This state offers a resident tax benefit for. Future Scholar 529 College Savings Plan (Advisor Sold) Offered through financial professionals;

01/04/2012  · You have until the tax deadline of April 17 to open up an account and take advantage of a state income tax deduction for the 2011. South Carolina’s Future Scholar 529 plan has been.

Check this box ONLY if filing a composite return on behalf of a partnership or "S" corporation. Do not check this box if you are an individual.

06/05/2006  · Some States 529 plans allow taxpayers to receive a tax deduction for contributions, but there may be certain requirements. For instance, while a State’s 529 plan may allow anyone (regardless of his or her state of residence) to participant in its 529 plan, only residents of the State may be allowed a tax deduction for the contributions.

Yes. South Carolina has another 529 plan called Future Scholar 529 College Savings Plan. It was designed with more flexibility to allow for funding of all qualified higher education costs, including room and board as well as expenses for books, supplies, and even graduate school tuition.

South Carolina: If you live in South Carolina, you could deduct whatever money you put into the state’s Future Scholar account, up to the maximum account balance of $426,000 per beneficiary.

South Carolina’s Future Scholar 529 College Savings Plan (Advisor-sold) features an extensive menu of age-based and static portfolio options utilizing mutual funds from Columbia and a.

Future Scholar. The South Carolina Future Scholar 529 College Savings Plan is managed by Columbia Management (a division of Bank of America). What I Like About The Future Scholar Plan * Columbia Management. I like some of the funds that are offered by Columbia Management. * Tax Deduction.

06/05/2006  · Some States 529 plans allow taxpayers to receive a tax deduction for contributions, but there may be certain requirements. For instance, while a State’s 529 plan may allow anyone (regardless of his or her state of residence) to participant in its 529 plan, only residents of the State may be allowed a tax deduction for the contributions.

06/05/2006  · Some States 529 plans allow taxpayers to receive a tax deduction for contributions, but there may be certain requirements. For instance, while a State’s 529 plan may allow anyone (regardless of his or her state of residence) to participant in its 529 plan, only residents of the State may be allowed a tax deduction for the contributions.

Saving with Future Scholar for a child’s education benefits both the child and the contributors, which makes saving for college that much more appealing,” he said. In addition to a state tax deduction, residents can also take advantage of an extended deadline – another feature unique to South Carolina…