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College and University Discussion
Reply to "do I get to deduct any of this college tuition off my taxes?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If your income is less than 90k/180k you can get [b]a tax credit. [/b]Otherwise the 529 is the tax break— no tax at all on gains. [/quote] Worth only $2500 so insignificant when looking at a SLAC at $95k a year[/quote] 2500 per kid or total?[/quote] Each parent can do $2500 per kid in Maryland if you have a Maryland 529 so $5k per kid.[/quote]
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