The IRS Deductions Blog

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Question: Are employer contributions to 529 plans deductible or taxable to the employee?

I work for a very small company with very generous benefits. They are considering making contributions to dependent 529 plans for college education. Are these contributions deductible for them or taxable to me?

Answer: Both.

These payments would be a taxable benefit to you and deductible to the employer.

Items on Amazon Right Now for Plan Deductible:

Financial Sense: Get the facts on high-Deductible Health plans, HSAs

According to an August survey from America’s Health Insurance Plans, an industry trade group, as of January 2010, 10 million Americans were covered by high-deductible health plans with a health savings account (HSA) feature. That’s up from 8 million in January 2009 and 6.1 million in January 2008.

New IDA Collision Deductible Reserve Plan MLM

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