You know that savings grow tax-free in a Virginia529 account - but for Virginia taxpayers, the savings don’t end there.
Virginia taxpayers can deduct contributions up to $4,000 per account from their Virginia state individual income taxes. This could lead to savings on your taxes, meaning a bigger tax refund and more money for other expenses in life.
There are many more advantages to saving in a 529 account, too. Read on to explore the other benefits of these flexible programs and see how your family can save.