WebAn individual who files an individual Illinois state income tax return may deduct up to $10,000 ($20,000 if married filing a joint return) of total, combined Contributions to the Program, to the Bright Start Direct-Sold College Savings Program, and to College Illinois! during the tax year. WebFile your IL-1040 - Use our updated non-login application to file without a MyTax Illinois account or Login to your account. If you don't already have an account, you may sign up …
Illinois (IL) 529 Plans Fees, Investment Options, Features ...
WebMar 14, 2024 · You will need the Bright Start account number (which could only be provided by the Account Owner of the Bright Start account) or a copy of the cancelled check. Please make sure that both you and your daughter does not claim the contribution. Bright Star 529 Plan FAQs **Join us for our Community Crypto event, sign up here WebThe Bright Start Direct-Sold College Savings Program is part of the Illinois College Savings Pool and is designed to qualify as a qualified tuition program under the provisions of Section 529 of the Internal Revenue Code. The Bright Start Direct-Sold College Savings Program is sponsored by the State of Illinois and administered by the Illinois ... galbraith hexham northumberland
Michael W. Frerichs - Illinois State Treasurer: College …
WebDec 2, 2024 · The Bright Start 529 plan is a direct-sold 529 plan that received a Gold rating from Morningstar in October 2024. The Bright Directions 529 plan was among the top 10 advisor-sold 529 plans for the 3- year period ended September 30, 2024 according to Savingforcollege.com’s quarterly 529 plan rankings. Illinois 529 plan state income tax … WebTax Benefits of the Bright Start 529 Plan. Illinois taxpayers can deduct contributions of up to $10,000 ($20,000 if married filing jointly) when calculating their Illinois state taxable income. This limit covers contributions to all Illinois-sponsored 529 plans including the advisor-sold plan. WebOpen a Bright Start account How We’re Helping Illinois Families Save Illinois State Treasurer Michael Frerichs takes pride in helping Illinois families save for the future. Through his Illinois 529 College Savings … galbraith holiday cottages scotland