GA HB962

Removes the fixed $235,000 maximum account balance cap for Georgia Higher Education Savings Plan accounts and instead authorizes the Board of Directors to set a "reasonable maximum amount" based on current and anticipated education expenses.

Expands the Georgia state income tax deduction for 529 plan contributions to include any state-sponsored qualified tuition program under IRC Section 529, not just Georgia's plan, effective for tax years beginning January 1, 2026.

Maintains existing deduction limits of $4,000 per beneficiary for single/separate filers and $8,000 per beneficiary for joint filers.

Allows contributions qualifying for the tax deduction to be made during or after the taxable year, up to the federal IRA contribution deadline for that year.