Hi, Lainyb!
You are correct, there is no deduction for these contributions on your federal return but the earnings are not taxable nor are the withdrawals as long as they are used for qualified expenses.
As for Virginia f you are under age 70 on or before December 31 of the taxable year, enter up to $4,000 of contributions during the taxable year to each Virginia529 account (Virginia 529 prePAID, Virginia 529 inVEST, College America, CollegeWealth). If you contributed more than $4,000 per account during the taxable year, you may carry forward any undeducted amounts until the contribution has been fully deducted.
I don't think there are any other considerations. We've covered them all!
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