VA 529 tax question

[Anonymous]

I am putting in $4000/yr into DD's Virginia 529 plan. I read that I could write off this amount each tax year. My question is, if DH and I each contribute $4000/yr into DD's plan, can we write off $8000 total?

[Anonymous]

yes

[Anonymous]

but you need to have 2 separate acct, each of you as a custodian, both with DD as beneficiary

[Anonymous]

Thanks! I don't know why I didn't think of this before!

[Anonymous]

Anonymous wrote:Thanks! I don't know why I didn't think of this before!

ditto!