EXHIBIT 10.1. COST SHARING AGREEMENT. The Cost Sharing Agreement (the Agreement) is between PEMCO MUTUAL INSURANCE. COMPANY (PMIC) a corporation with its principal office at 325 Eastlake Ave E, Seattle, WA 98109, and EVERGREENBANK (the Company), a corporation with its. principal office at 301Eastlake Ave E, Seattle, WA 98109, and is effective as of.
Answer: Section 529 plans, which include college savings plans and prepaid tuition plans, offer several tax and nontax benefits. But unfortunately, a federal income tax deduction is not one of them. You can't claim a federal income tax deduction for contributions you make to your 529 plan.However, certain states offer state income tax deductions for contributions to 529 plans. You should check with your individual 529 plan or your state's taxing authority to determine the tax treatment in your state.ection 529 plans, which include college savings plans and prepaid tuition plans, offer several tax and nontax benefits. But unfortunately, a federal income tax deduction is not one of them.
âThe college savings accounts known as 529 plans have multiple benefits for parents saving for their children's education: tax savings on earnings when used for qualified expenses; additional tax deductions on contributions in certain states; and the ability to front-load accounts without the threat of a gift tax.arents can open a regular 529 account to save for additional qualified expenses, such as books, computers, and room and board, says Nancy Farmer, president of Private College 529 Plan, a prepaid tuition plan sponsored by more than 275 private colleges and universities.