PooreBoy
Level 1
02-21-2020
02:11 PM
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This is the first time I have encountered the Virginia529 Credit. It appears that you can only receive a refund up to the remaining Virginia tax liability on the return. I am in Ohio where we can credit 529 $4000 in contributions against taxable income and any excess contributions are carried over to the next year. In reading the Virginia instructions, I only see the crediting Virginia's taxes to a 529 account not a tax credit.
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