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Author: StockGoddess Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121252  
Subject: 529 Tax Deduction Date: 3/14/2012 2:18 PM
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DH and I have twins, so we had to open TWO 529 plans to pay for their college expenses (since they'll be in college at the same time and we can't transfer it back and forth)

We want to contribute to get the state tax deduction described here:

http://collegesavings.about.com/od/statetaxdeductions/a/alab...

What it says is "$5000 per taxpayer, or $10K for a married couple".

Is that $5K per taxpayer, or $5K per taxpayer PER KID? I don't think it's very clear. They never seem to think of things like twins when they write laws...is there somewhere I can find the actual statute? My financial person thought it was "per kid" but this article doesn't say.
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