MinhT
Expert Alumni

State tax filing

Contributions to a 529 plan are not deductible on your federal tax return.

They are deductible up to $4,000 per account per year with an unlimited carry forward to future tax years, subject to certain restrictions. Those age 70 and above may deduct the entire amount contributed to a Virginia529 account in one year.

Please read this document on Virginia529:

https://www.virginia529.com/new-savers/tax-advantaged/

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