Hi,
I'm currently funding our 2 children 529 funds, $5K/year which maxes out our max state deduction of $10K/year. We just had a 3rd and I was going to just tag on another 5K/year for that one. We won't get the extra state tax deduction for that 5K, but I figured it was the best option available given the tax fee growth and withdrawals.
Does this sound about right, or is there a better tax advantaged option I may be missing out on?
I'm currently funding our 2 children 529 funds, $5K/year which maxes out our max state deduction of $10K/year. We just had a 3rd and I was going to just tag on another 5K/year for that one. We won't get the extra state tax deduction for that 5K, but I figured it was the best option available given the tax fee growth and withdrawals.
Does this sound about right, or is there a better tax advantaged option I may be missing out on?
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