EXHIBIT 10.1. COST SHARING AGREEMENT. The Cost Sharing Agreement (the Agreement) is between PEMCO MUTUAL INSURANCE. COMPANY (PMIC) a corporation with its principal office at 325 Eastlake Ave E, Seattle, WA 98109, and EVERGREENBANK (the Company), a corporation with its. principal office at 301Eastlake Ave E, Seattle, WA 98109, and is effective as of.
Answer: Section 529 plans, which include college savings plans and prepaid tuition plans, offer several tax and nontax benefits. But unfortunately, a federal income tax deduction is not one of them. You can't claim a federal income tax deduction for contributions you make to your 529 plan.However, certain states offer state income tax deductions for contributions to 529 plans. You should check with your individual 529 plan or your state's taxing authority to determine the tax treatment in your state.ection 529 plans, which include college savings plans and prepaid tuition plans, offer several tax and nontax benefits. But unfortunately, a federal income tax deduction is not one of them.
1 A 529 plan is similar to some of the retirement plans you may contribute money to each week. 2  Although no deduction is allowed for your contributions to the account, the balance can grow tax free on contributions totaling approximately $200,000.VERVIEW. A 529 plan contribution is a way to save some money on taxes through contributions to an account that can be used for education expenses. Get the facts on a 529 plan contribution with help from TurboTax in this video on tax tips.