Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Private & Independent Schools
Reply to "Does anyone use 529 for tuition payments?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Since you can use $10k per year for K-12 education, we're thinking of running up to $10k of our payments through a 529 to save on state taxes some. Anyone else see an advantage or disadvantage with this?[/quote] No...that is the smart thing to do. If you can deduct the $10k from your state taxes, you could literally deposit that $10k into your 529 and then distribute it a week later to pay for school. [b]It is capped at $8k in DC.[/b]..but in DC you are effectively getting a risk-free 10% return on that $8k.[/quote] Do you know what the caps are for MD, VA, and DE?[/quote] This is so easy to find on Google. Stop making internet strangers do very basic work for you.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
