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Reply to "DC 529 tax benefit - is it $8K/year per family, no matter how many beneficiaries??"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]These "per family" references are a bit misleading. One person can claim one $4,000 tax benefit so long as the person owns the account. If, in a two-parent household, each parent owns a 529 account, each is entitled to the $4,000 benefit. One parent cannot own two accounts and then claim an $8,000 tax benefit.[/quote] Exactly - thanks for clarifying this. [/quote] Unless it is for 2 different children.[/quote]
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