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Reply to "Open two 529s for two kids?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]yes. possibly 4, to maximize state benefits.[/quote] in VA, it is 4,000 deduction per year per beneficiary (not per account).[/quote] It is per ACCOUNT HOLDER. So technically, each parent would have to open one for each kid and then you'd get 4.[/quote] No, it is per account. Each parent can open as many accounts as they want for each kid and get up to a $4,000 deduction for each account. DH and I each have multiple accounts per child.[/quote] Doesn’t each account have to be a different type or something like that? Different investment focus or something?[/quote]
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