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Reply to "Starting a 529. Live in DC. Which state to use?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I forget the specifics because we did the research years ago, but I believe at some income level, there is no tax advantage to use the DC fund. That is why we went with Utah.[/quote] There isn't an income limit for the DC deduction, so I don't think this is true. It is true that at some [i]investment level[/i], the icnreased fee would swamp the tax benefit.[/quote] If you were in a very low income bracket (eg if you were a single-income military family receiving combat pay, which is untaxed), maybe the deduction wouldn't help you that much? [/quote]
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