Web6 aug. 2024 · Contributions to a Virginia 529 plan offer the account owner a Virginia state tax deduction. Then, distributions to reimburse for any qualified education expenses are distributed both state and federal tax-free. For those under age 70, the deduction limit is $4,000 per account per year. http://wordsonwealth.com/maximize-virginia-529-plan/
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http://blog.thebyke.com/just-what-costs-can-t-be-paid-for-that-have-tax/ WebMaryland offers a state tax deduction for contributions to a 529 plan of up to $2,500 for single filers and $5,000 for married filing jointly tax filers. You can also carry-forward excess contributions for 10 years, which allows for super-funding. Minimum: $25. Maximum: Accepts contributions until all account balances for the same beneficiary ... extratreesclassifier参数
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Web13 aug. 2024 · In other words, if you are a Virginia resident and you contribute to the Virginia 529 plan you'll get a tax deduction (in the case of Virginia, the deduction is limited to $4,000 per year, per donor, per beneficiary). If you contribute to USAA's 529 plan, Virginia won't let you deduct the contribution. Active Duty Member Contributions to a … WebWest Virginia (WV) provides certain tax advantages to WV taxpayers that invest in SMART529 Direct. Before investing, an investor should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for … Web15 nov. 2024 · West Virginia Tax Deductions West Virginia is one of 4 states where every dollar contributed to a 529 plan is deductible. A West Virginia 529 account owner can take a 5 year deductible for one large lump sum payment of $75,000 or $150,000 if filed jointly. doctor who screwdriver collectors set