I have a question about a 529 plan. We paid for my wife's post secondary education winter 2014 semester out of pocket in 2013 as required by the school. I stupidly forgot about 529 plans but it appears the MESP allows for qualified distributions to be paid to designated individuals instead of just institutions. Can I open and fund a 529 plan prior to April 2014 and count the contributions to the plan towards my 2013 payments? (Much like you can with an IRA.) Michigan allows for these contributions to be deducted from your taxable income
Thanks as always for this thread!