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.
Employer contributions to the HSA are not considered part of the employee's income and are not reported as such on the employee's individual tax return. For this reason, the employee can only deduct his portion of the contribution to the HSA to save on tax liability. The savings potential for employees who make after-tax contributions to the account is between 15 and 32 percent, depending upon the employee's tax bracket.