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Reply to "Roth or 529 for college?"
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[quote=Anonymous][quote=Anonymous]Can you still take tax deductions on contributions with the new tax rules? I'm not super knowledgeable about the rules but from what I did it seemed like very little was still eligible for itemized deductions. But maybe it's a different ball of wax from the things I was used to deducting and can't anymore, like donations and home office expenses?[/quote] Tax deductions for 529s are only at the state level--so they're not affected by the new tax law unless a state changed its own rules in response. Donations are still deductible for federal taxes--it just may not matter if you don't have enough other deductions to make it worth itemizing now that the standard deduction is $24K and you can only include $10K in local/state taxes.[/quote]
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