This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
We had someone make a relatively large gift to our children's 529s this year and I was hoping to be able to take the deduction for this since they are not. I was not able to find any clear guidance on the 529 website or the Virginia tax websites. The only thing that sort of addressed it is the below FAQ from the 529 website.
Can anyone make contributions to my account?
Yes! Anyone may contribute to your Virginia529 account, but only account owners may take the Virginia state income tax deduction for contributions.
I feel like this can be read two ways. Only account owners and their contributions are deductible. Or account owners can deduct any contributions to the account.
Subreddit
Post Details
- Posted
- 11 months ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/FinancialPl...