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Ohio Deduction for Purchase of Ohio Tuition Credits and Contributions to College Savings Plans

     Ohio Deduction for Purchase of Ohio Tuition Credits and Contributions to College Savings Plans is limited to $2,000 per beneficiary each year.  Qualified payments in excess of $2,000 per year may be deducted on future returns until all unused portions are deducted.  Married taxpayers are limited to maximum of $2,000 per beneficiary whether they file a joint or separate return.

(February, 2003 Newsletter)


James E. Newland, CPA

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