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From AZ Central
Arizonans saving for college could get a break if the Legislature approves an expanded tax benefit now on the table for investors.
Arizona already offers a modest state income-tax deduction to encourage savings in its Section-529 plan, named after a part of the Internal Revenue Code. But the current maximum annual deduction of $750 for single taxpayers and $1,500 for married couples could rise to $2,000/$4,000, depending on what happens in the Legislature as it grapples with the state's ... Quick Read |