Increases the deduction limit for contributions to a 529 college savings plan in Massachusetts.
This bill amends the Massachusetts General Laws to increase the deduction limit for contributions to a 529 college savings plan. Specifically, it raises the deduction limit from $1,000 to $5,000 for individual filers and from $2,000 to $10,000 for joint filers. This change aims to make college savings plans more accessible and beneficial for families in the state.
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