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Reply to "College savings- only 4 years left"
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[quote=Anonymous]For maximum tax benefit, you and your spouse can each open a 529 for each kid, up to the $ limit for the deduction. I'm in D.C. and it's $4000 deduction per tax payer, so even if we file jointly we get $8000 in a tax deduction. We also only have 5 years til the start of college (but as previous poster pointed out, 3 more years to pay so we'll plan on the $8000 per year for the next 3 years as well). [/quote]
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