Hello,
I have a question regarding the maximum allowed to be withdrawn in a given calendar year for K-12 tuition from a 529 Plan. I see the annual limit of $10,000 cited frequently. My question is does this $10,000 limit apply on a per beneficiary basis or an a per parent basis. If my wife and I each have a separate 529 Plan with our son as the beneficiary, are we still capped at the $10,000 annual limit or does it become $20,000.
thank you!
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