The perfect Christmas present for students? E-gift $$ to their Michigan … – MLive.com

Here is another way to cut down your Christmas expenses and save big this holiday season:
The perfect Christmas present for students? E-gift $$ to their Michigan …MLive.comThe plans, called "529 plans" after the section of the U.S. tax code which authorizes them, allow for tax-free savings for college expenses for children. Michigan also offers state tax credits for contributions to the accounts, which may be opened by …