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
»
Money and Finances
Reply to "DC 529 - separate account for each child?"
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]to maximize benefit you can have each parent open and contribute to an account for each child -- 2 x 3 = 6 accounts only if you're trying to maximize tax benefits - at least that's how it is in VA, not sure about DC[/quote] As I read the rule, in DC, if each parent opens one or more account, each can deduct up to $4,000 total. So there's a tax reason to have at least one account in each parent's name, but not in each child's name.[/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
