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[quote=Anonymous][quote=Anonymous]For Virginia, it seems to me that this is allowable - based on the various rules (including Virginia’s $4k deduction per ACCOUNT as opposed to per beneficiary) my interpretation is that you can do the following

Ignoring spouse contributions or parallel accounts, it seems to me that an individual parent could set up the following for an individual child

1. Set up multiple accounts per beneficiary (as long as investment allocation is different)
2. Contribute $4k to each account (subject to overall gift limitations to a single beneficiary)
3. Deduct $4k per account on your Virginia Taxes (so 8, 12, 15k, etc)
5. Withdraw up to $10k in aggregate across accounts for a single child’s private school tuition

Anyone think this is not allowable?[/quote]

I am doing this.  We used to put ~$1k per month into a 529 plan and ~$3.5k per month into an account we use to pay private school tuition.  We now put ~$2k per month into the 529s and $2.5k per month into the account we pay private school tuition out. at the end of each year we will withdraw $10k from the 529 accounts and move it over to the account we pay private school tuition out of.  Same monthly budgeting for us, but gets a bigger tax deduction from the larger contribution to the 529 plan.

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