Louisiana 529b K12

It's tax deductible but only for Louisiana taxes. And you don't get to double up on the tax deduction for Louisiana taxes that is already available for K-12 tuition payments of $5,000 per child.

The only real benefit of this plan is for people that can contribute money right after birth of the child, and the money will grow tax-free and can be taken out tax-free as well.

Popping the money in and taking it out a few month later isn't going to do much for most people unless you happen it nail something in the market.

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Do you have to have a child to start one? I thought you could open one prior to birth and then change beneficiary from yourself to the child.

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You can, but some people might not be willing to do this if they don't actually have kids yet. Because if you don't have kids, then you either need to pull the money out (earnings would be taxed, plus potential penalty) or gift the plan to someone with a kid.

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I guess if isn’t tax deductible,

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it is but just for state which is why i am weighing my options also.

I do. 8yrd old. Almost certainly making a move from public to private.

The LA K-12 plan is not currently deductable for state income tax like the Higher Ed plan. That may change after this year's legislative session.

Tax free growth- but that isn’t a big deal if you are looking at it as a short term holding account.

I will have a kid in the next few months. Should i look further into this?