Question

Virginia529 State Tax deduction

Forum|Forum|1 year ago
February 25, 2025
1 reply
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Team,

I have the following contributions.

Child1 :

Acct 1 : > $1000

Acct 2 : > $1000

Child2 :

Acct 1 : > $1000

Acct 2 : > $1000

How much amount can I deduct from Virginia Taxes?Does it have have to be $2,000 overall as one account per child or $4000 as there are 4 accounts in total for 2 Childs?

M

MayaD

Virginia taxpayers who are Invest529 account owners can deduct their contributions up to $4,000 per account, per year, with unlimited carry forward to future tax years.

You can enroll in multiple Invest529 programs. Account values across all programs may not exceed $550,000 per student.

Virginia529

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