How to claim tax deduction for contributions to the South Carolina FS 529 Plan.?

I researched the law in South Carolina. There is not a general tax return adjustment for the Future Scholar 529 Plan. There is, however, an adjustment(subtraction from income) for payments to the South Carolina Tuition Prepayment Program and payments to the S. Carolina College Investment Program. So, which one of these plans should the deduction be claimed under?

Payments made to a 529 plan are not deductable. The money invested is after tax and the earnings are not taxed if spent on qualifed educational expenses.

How could this be the best answer? It is absolutely wrong. See future scholar web site, it IS tax deductable for South Carolina Taxes (not Federal). Report It

going to church is not goimg to help u

Tags

　　Investment Trading 　　Investment Strategy 　　Investment Services 　　Investment Portfolio 　　Investment Plan 　　Investment Performance 　　Investment Options 　　Investment Opportunity 　　Investment Manager

Related information

I need to calculate the present value of a pension plan.?

sorry, but IDK what that stuff is.

...

Can I invest in both "state-run" 529 plan and independent 529 plan at the same time? Any gotchas?

I think the Independent 529 plan should only be considered if you are pretty sure your children will attend one of the participating universities. The return on investment, otherwise, is very poor...

I ma planning on buying a condo with 0 down for investment purposes...?

Finding a 0 down for a flip is hard to do. Make sure that you don't have any pay off penalities.

...

Purchased investment property and will sell asap.?

wow............ going to make this simple.. sell as soon as you want. so you get your..remodel,taxes,legal,mortgage/loan payment, utilities, insurance, etc, etc.. so..........I got you at a...

Will an LLC shield my personal assets from a foreclosure of an investment property?

An LLC company will shield you in most cases assuming that on loan documents you yourself are not listed as co-signer or otherwise specified as a responsible party, other than acting on behalf of t...

Do you think an investment loan is a good idea?

yes it is good

...

Is a billboard a good investment?

There are strict codes for billboards. You need to contact the county zoning office and find out if the billboard would be legal there. Even if there are other billboards nearby. And, many peopl...

I'm trying to get into property investment......help?

Don't do it. Invest in the stock market. Property investments have gone down and the housing market is a buyer's market right now. There's waaaay too much inventory and not enough...