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College and University Discussion
Reply to "How to use 529 fund for college next fall?"
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[quote=Anonymous][quote=Anonymous] If you want to use the max federal tax credit (I think it's lifetime learning or something like that) make sure you don't use 529 for that amount each year as you can't "double dip". I can't remember the details but I think it's 4k/yr that we pay from non-529 sources.[/quote] Thanks for posting this about the credit! I knew about it, but hadn't thought about how it would overlap or not with 529 funds. Just to make sure I understand... Let's say you need to pay $25k: Pay $21,000 from 529 Pay $4,000 from other funds Then you can max out the tax credit? [/quote]
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