State Taxes: There are currently 33 states that offer state income tax deductions for funds you place in qualified 529 college savings accounts. (treesfullofmoney.com)
The measure would allow state income tax deductions of $ 5,000 for individuals and $ 10,000 for couples saving for their first home. (nytimes.com)
Also, 529 contributions don't yield a federal tax deduction, so this tactic might also reduce your federal tax bill, although there are state income tax deductions associated with 529 contributions. (gobankingrates.com)