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Reply to "Does anyone use 529 for tuition payments?"
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[quote=Anonymous][quote=Anonymous]For folks who do this, have you set up a separate state 529 for this purpose? Our kids have the bulk of their 529 in the Utah plan because our current state doesn't have any state income tax advantage for 529s, but we are likely moving to DC next year. Would you set up a 529 specifically for tuition purposes separate from the existing Utah plan?[/quote] If you plan to continue with the Utah plan, then yes it would make sense to set up a DC plan and then just contribute to the DC plan to get the tax benefit. You realize that at the end of the day, it is netting you say $800 (10% of $8,000...it is only $4,000 if single BTW)...not nothing, but not a ton of $$$s either.[/quote]
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