SET with MET
Do you have questions about saving for college? Talk to the experts today. MET staff are available Monday through Friday 8 a.m. to 5 p.m.. Call 1-800-638-4543 or email TreasMET@Michigan.gov.
You can give a child or grandchild a gift they may not even remember, or you could give them an education they’ll never forget. This holiday, give college credits for their future. MET allows you to prepay for undergraduate tuition for the future … at today’s rates. Which not only makes great financial sense, it also makes for a truly meaningful gift.
But they WILL the moment they realize – in the not-so-distant future – that their college education started with a gift from YOU way back in 2020.
You can even include this printable certificate with your gift.
A purchaser may deduct the amount paid for a contract from taxable income when determining Michigan income tax for the year in which the contract is purchased. If a contract is purchased by a lump sum, the entire contract price may be deducted. For monthly payment plans or Pay-As-You-Go, the total contributions made during a given tax year can be deducted.
Please note: Deductions are taken on Michigan tax form Schedule 1, line 18.