Yes. Contributions to a Virginia 529 plan of up to $4,000 per account per year are deductible in computing Virginia taxable income, with an unlimited carry forward of excess contributions.
Contributions are fully deductible (not limited to $4000) in the year of contribution for taxpayers at least 70 years of age.
Contributions from a non-owner are deductible by the account owner and not by the non-owner/contributor.
