Louisiana 529 Plan (K-12)

It’s a separate account and is NOT tax deductible. Only the reg 529 is.

Yes, it's a separate account and yes there are tax advantages, this is from their FAQS on the website

quote:

---

Are there tax advantages to a START K12 account?

Yes, account owners may deposit and claim up to $2,400 for a joint filer and $1,200 for a single filer as a deduction to income on their Louisiana State Income Tax Return. All earnings on the account are tax deferred and if used for tuition expenses at an approved Louisiana school, the earnings are not taxable.

---

We are currently saving in it with the intent to use for high school tuition since earnings are not taxable. Anything left over will be rolled over into the traditional 529 plan.

The k-12 tax deduction in La started in 2022 I think.

quote:

---

I stand corrected then. They must have changed that recently. When I opened my kids k12 START account a few year ago it didn’t not have the income tax deduction that the reg 529 had.

---

I think there was confusion because there was a state income tax deduction for some amount of K-12 private school tuition paid. I think initially they thought the deduction would come from it being paid whether it was from a K-12 529 plan or parents' pocketbooks, but that left open earnings from the 529 plan that grew tax free to be used as a tax deduction when the tuition was paid. I think they updated the law a year or 2 later to deduct portions contributed to 529k plans but no deductions when those proceeds are used to pay tuition, but the deduction on the state income tax applies still applies to amounts paid out of parents' pocketbooks.