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Wwcca1
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Can grandparents get a deduction for contributions to grandkids 529's

 
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2 Replies

Can grandparents get a deduction for contributions to grandkids 529's

no -it's just a gift.......

 

remember only the earnings in the 529 create a tax benefit; funding the 529 in and of itself does not. 

Can grandparents get a deduction for contributions to grandkids 529's

So, there can be a state deduction - there is in SC.  If you put money into grandkids' 529 (using the SC 529 plan), you do get this on your SC return.  Check your state instructions.  

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