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.
Most states also offer the same deductions on state income taxes. However, since Health Savings Accounts were set up as a federal program, the individual states can choose to comply with the federal guidelines concerning tax treatment of Health Savings Accounts, or establish their own rules. Click Here to see the states that do not tax income, but do tax dividends and interest on HSA accounts. 2  Currently, only Washington DC has not indicated their position on Health Savings Accounts: We currently do not have information on whether they will offer deductions on state income tax for HSA contributions.