529 contributions in Michigan
Varies
Are 529 Contributions Tax Deductible in Michigan?
Short answer: Yes on your Michigan return: $5,000 single / $10,000 joint per return (net of qualified withdrawals). Only contributions to the state's own plan count. MESP/MI 529 Advisor only; deduction reduced by same-year qualified withdrawals; rollovers not deductible; MET prepaid is uncapped.
There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Records to keep: Keep receipts, statements, and a note of what each cost was for. Compare itemizing to the 2026 standard deduction ($16,100 single / $32,200 joint) before you claim.
529 contributions in Michigan
Varies
Individuals / Personal Taxes
Yes on your Michigan return: $5,000 single / $10,000 joint per return (net of qualified withdrawals). Only contributions to the state's own plan count. MESP/MI 529 Advisor only; deduction reduced by same-year qualified withdrawals; rollovers not deductible; MET prepaid is uncapped.
Business justification
Yes on your Michigan return: $5,000 single / $10,000 joint per return (net of qualified withdrawals). Only contributions to the state's own plan count. MESP/MI 529 Advisor only; deduction reduced by same-year qualified withdrawals; rollovers not deductible; MET prepaid is uncapped. There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Category
- Personal Tax Deductions