I'm actually going down to Charleston next week where we're going to have another one of my last board meetings that I'm going to chair as I chair that board. And essentially You can put, as you put money into the account, you can write it off your income taxes up to $25,000. And then as you draw down on the account, you can write that off your income taxes up to $25,000 federally adjusted gross income. (37:39–37:47)
CLAIM
Asserts that contributions to the Jumpstart program can be deducted from state income taxes up to $25,000.
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