MI 529 Advisor - State Tax Benefits

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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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Before investing, you should consider whether your state of residency, or your intended beneficiary's state of residency, offers a state tax deduction or any other benefits that are only available for investments in that state's 529 savings program.

An investor should consider the investment objectives, risks and charges and expenses of the MI 529 Advisor Plan before investing. This and other important information is contained in the Plan Disclosure Statement, which should be read carefully before investing, and which is also available from your financial advisor.

Not FDIC Insured | May Lose Value | No Bank Guarantee

The MI 529 Advisor Plan is a Section 529 college savings plan sponsored by the State of Michigan, is managed by TIAA-CREF Tuition Financing, Inc., and administered and distributed by Allianz Global Investors Distributors LLC., 1633 Broadway, New York, NY 10019-7585, 1-866-529-8818.

NOTICE: MI 529 Advisor Plan accounts are not insured or guaranteed by any state, and neither the principal deposited nor any investment return is guaranteed by any state. Furthermore, the accounts are not insured, nor the principal or any investment return guaranteed by the federal government, the Federal Deposit Insurance Corporation (the “FDIC”) or any other federal agency.