Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
C
Craftet
July 21, 2021
Question

529 Plans

  • July 21, 2021
  • 1 reply
  • 0 views

My wife and I are expecting our first baby in Aug 2021.  What do we need to know about 529 plans?  Does Virginia offer a state income tax deduction for contributions to a 529 plan?

    1 reply

    Nick-K-EA
    Nick-K-EA
    July 21, 2021

    A 529 plan is a great way to save money for college - and to save a little on  your taxes as well. Complete information on the process and benefits can be found in this article on our website:

    https://turbotax.intuit.com/tax-tips/college-and-education/cash-for-college-tax-free-529-plans/L63bMTpxr

    Nick K, EA
    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification