Tag
deductions
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Education
A National View of Minnesota: New College Savings Plan: Good for Politicians, but Providing Little Relief
by Lindsey Stroud July 1, 2016In 2016, Minnesota became the 35th state to approve tax deductions on contributions made to 529 college savings plans. Some politicians in St. Paul can now appeal to youthful voters in time for November by using this legislative measure as political fodder. But in reality, Minnesota barely scratched the surface in helping alleviate the burden of rising college tuition costs.