Hi, my kid is a freshman at UVA, and we are considering opening two 529 accounts between my wife and me to maximize the Tax deduction next year. Is this realistic? My wife and I jointly declare the taxes.
Virginia allows up to $8k tax deduction for couples, so I wondered if we opened the two 529 accounts for my kid, and each one deposited $10k or more, will this help us to get the $8k deduction?
