Can I deduct the contributions I make to my grandchildren's 529 plans from my federal income taxes if I live in the state of Washington?

bascodean · ‎June 1, 2019

MaryK1 · ‎June 1, 2019

No, unfortunately, there is no federal tax deduction for 529 contributions, and since Washington does not have a state income tax there is no state tax deduction. The tax benefits in your case will be when the funds are distributed if used for educational expenses.

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MaryK1 · ‎June 1, 2019

No, unfortunately, there is no federal tax deduction for 529 contributions, and since Washington does not have a state income tax there is no state tax deduction. The tax benefits in your case will be when the funds are distributed if used for educational expenses.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Can I deduct the contributions I make to my grandchildren's 529 plans from my federal income taxes if I live in the state of Washington?