|Are qualified withdrawals from college savings
plans exempt from state income taxes?
Although qualified withdrawals from college savings plans
won't be taxed on your federal income tax return, state income tax treatment
may differ. Some
income tax benefits (e.g., tax-free
tax deduction for contributions) may
residents who invest in their state's 529 plan. You'll need to check the laws of your state.
Note: Investors should consider the investment objectives, risks, charges, and expenses associated with 529 plans before investing. More information about 529 plans is available in each issuer's official statement, which should be read carefully before investing. Also, before investing, consider whether your state offers a 529 plan that provides residents with favorable state tax benefits.