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Tax help – How do 529 tax deductions work?
Tax help - How do 529 tax deductions work? Last year my husband and I owed on our taxes. This year we welcomed a son and opened a 529 account through our states program. I read on the website that you can deduct up to $20,000 jointly on your state taxes. Theoretically, if we were to add to the 529 account would that lower our state tax burden to zero--or how would that work? I'd much rat...
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