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A couple surrounded by moving boxes in a new home after relocating to Westchester
Financial Planning·8 min read·

The New York 529 Tax Deduction Transplants Miss

Families who moved to Westchester from a no-income-tax state often keep an old out-of-state 529 and never realize the New York 529 tax deduction applies only to New York's own plan. Here is why an out-of-state account earns you nothing, how a rollover into New York's plan works, and the superfunding trap to sequence around.

Peter Guggisberg, Hudson Valley financial advisor based in Newburgh, NY

Peter Guggisberg

Financial Advisor · Hudson Valley, NY

Written by Peter Guggisberg, Financial Services Representative with Vermont Financial Group of NY (a MassMutual general agency) and the advisor behind Noah's Ark Financial.

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