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State Tax Benefits

The MI 529 Advisor Plan offers a variety of State tax benefits to Michigan residents who invest in the MI 529 Advisor Plan.  Some of the State Tax Benefits are:

  • Michigan residents can deduct contributions to the Plan from their State Adjusted Gross Income (AGI) for contributions up to $5,000 for single filers and $10,000 for joint filers. The contributor need not be the Account Owner to qualify for the deduction.*
  • Contributions may be made up to December 31st to earn a deduction from Michigan income tax for the current tax year.


*Transfers from the Direct Program will not entitle the Account Owner or contributor to a State tax deduction or any other additional benefit under State or federal tax law.

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