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THE HARTFORD SMART529 Offered by the West Virginia College Prepaid Tuition and Savings Program Board of Trustees THE HARTFORD SMART529 COLLEGE SAVINGS PLAN Offering Statement Descriptions of The Underlying.

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In short, 529 contributions are not tax deductible on the federal level. However, some states consider contributions tax deductible. (Defer to your state treasurer for more info!) Plus, 529 plans offer other tax benefits.

They are not tax deductible on the federal level. But if you're saving for college, you'll want to know that 529 savings plans offer other tax benefits, such as tax-free earnings growth and tax-free withdrawals for qualified expenses.

Tax Benefits: By investing in your state's 529 plan, every dollar contributed can be deducted from your adjusted gross income. You also get federal income tax benefits as you do not pay income tax on your earnings. Out-of-state participants still get the federal tax benefits.

The Hartford SMART529. The Hartford SMART529 The Hartford® SMART529® College Savings Plan, offered by the Board of Trustees of the West Virginia College and Jumpstart Savings Programs, offers all the benefits of a 529 plan plus a range of investment options so you can choose the investment strategy that's right for you ...

529 state deductions State529 DeductionCaliforniaNoneColoradoFull amount of contributionConnecticut$5,000 single / $10,000 joint beneficiary, 5 year carry-forward on excess contributionsDelawareNone47 more rows

Reporting Contributions on Your Tax Return Contributions to a 529 plan are not deductible and therefore do not have to be reported on federal income tax returns. What's more, the investment earnings in your account are not reportable until the year they are withdrawn.

The SMART529 Stable Value Portfolio: This portfolio seeks to maximize current income while preserving principal and delivering stable investment returns.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232