PSA: Colorado 529, Employers can contribute to employee and get a 20% tax credit

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ChinchillaWhiplash
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Joined: Sat Jan 20, 2018 5:40 pm
Location: Colorado

PSA: Colorado 529, Employers can contribute to employee and get a 20% tax credit

Post by ChinchillaWhiplash » Mon Oct 15, 2018 1:58 pm

This is good news. An Employer can contribute up to $2500 to an employee's 529 plan to receive a $500 credit. Anyone know if this will work for a S-corp? Might be a way to reduce QBI some more. Here is a link to the new program. https://www.collegeinvest.org/workingfamilies/

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