The Michigan Education Savings Program average annual asset-based fees are 0.10% for all portfolios compared to 0.51% for all 529 plans. 3Source: ISS Market Intelligence 529 College Savings Fee Analysis Q3 2022. ![]() 2If the funds aren’t used for qualified higher education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.1Michigan taxpayers can reduce their state taxable income up to $10,000 if married filing jointly ($5,000 filing single), from contributions made into a Michigan Education Savings Program.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |