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Reply to "How much saved for college? How old is child?"
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[quote=Anonymous]Almost 1 year old, with 8K saved in a 529 plan. If you live in VA, you can deduct up to 4K per 529 account per child per year from your state income taxes. The money then grows tax free if you use it for college. My wife and I both have an account in our name for our son and we both contributed 4K last year, hence the 8K.[/quote]
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