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Deductions & credits
According to the VA-529 FAQs, only the account owner can take the deduction. (Yes, presuming the VA529 plan people keep up with whatever the current VA tax rules are) :
"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."
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529 FAQs | Learn | Virginia529
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎August 11, 2021
6:02 AM