Alabama Offers a New Deduction for Education Savings Programs for 2008

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08-02-2009, 03:03 PM

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Alabama Offers a New Deduction for Education Savings Programs for 2008

According to the Alabama Department of Revenue, "Alabama taxpayers may deduct up to $5,000 per year or $10,000 if joint filers, for contributions made after Dec. 31, 2007, to the Alabama Prepaid Affordable College Tuition Program (PACT) or the Alabama College Education Savings Program."

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