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Michigan taxpayers can get a state tax deduction for contributing up to $5,000 (single) or $10,000 (joint) a year, generally only for the in-state plan. Here are the facts on Michigan's direct-sold 529 plan (the one you open yourself, without an advisor).
Michigan maintains two separate 529 plans – The Michigan Education Savings Program (MESP) and the Michigan Education Trust (MET). Michigan provides an annual deduction up to a limit of $5,000 for a single filer and $10,000 for a joint filer for contributi ons 5-5 to the MESP less qualified withdrawals made in the tax year. Deductions for annual contributions to the MET are not limited.
Summary of state law from the ICI 2025 state tax survey; it may predate 2026 changes.
2026 limits and parity: Savingforcollege. Manager, fees and minimum: only when stated on the plan's homepage text we read (2026-10-12); otherwise 'not found'. Check the plan's disclosure document for exact fees.
Yes: a deduction for up to $5,000 (single) / $10,000 (joint) of contributions in 2026
No. You can use any state's plan; you may lose your state's tax break if your state doesn't offer tax parity.
Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.