What can I deduct in regard to my Michigan Education Trust (MET) contract?

You may deduct the following:
  • If you purchased a MET payroll deduction or monthly purchase contract, you may deduct the amount paid on that contract during 2014 (not including fees for late payments or insufficient funds). You should receive an annual statement from MET specifying this amount.
  • If you purchased a MET contract during 2014, you may deduct the total contract price (including the processing fee).
  • If you made a charitable contribution to the MET Charitable Tuition Program during 2014, you may deduct the total contribution amount. You will receive a statement from MET to confirm the amount.
  • The amount included in AGI as income to the purchaser because the MET contract was terminated.

Trusted Company

14 Million Returns Filed

As an authorized IRS e-file provider, FreeTaxUSA® has e-filed over 14 million returns!

Best Value

File your federal taxes for FREE.
Add a state return for only $12.95.
Get the best value online!

Fast Refund

Get the fastest refund possible!

FreeTaxUSA provides the fastest way to get your refund when you use IRS e-file and direct deposit.

100% Accuracy

Our site checks for errors or problems before you send your tax return to the IRS. We guarantee the calculations in our software will be 100% accurate.

© 2002-2015 FreeTaxUSA, a TaxHawk, Inc. owned and operated website - Terms of Use