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.
In addition, several states that collect income taxes offer no deduction for residentsâ 529 plan contributions. Contributions to another stateâs 529 plan typically bring no tax deduction, but a handful of states offer whatâs called tax parity..That means account owners get a deduction for 529 plan contributions to any stateâs program.Corley points out that a few states, such as Colorado, New Mexico, South Carolina and West Virginia, offer a tax deduction up to the full amount of the annual plan contribution.now the ins and outs of 529 plan tax benefits, which differ depending on your state. Most states offer a income-tax deduction for any contributions a resident makes to their 529 plan.