PA-40 529 Deduction.
Phone call to Plan headquarters says you can deduct 15,000 per beneficiary. Example, 10 grandkids and $8,000 per kid $80,000 deduction. Program limits amount entered to total of $15,000.
Phone call to Plan headquarters says you can deduct 15,000 per beneficiary. Example, 10 grandkids and $8,000 per kid $80,000 deduction. Program limits amount entered to total of $15,000.
I just tried it for 3 individuals $15,000 for taxpayer for a total of $45,000. The taxpayer received the full $45,000.
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