if you put money to education fund for kids, do parents get tax break?

Question

how much can a parent can put in education fund in a tax year?

Answer 1

On the Federal return: Zero

There is not a tax break for contributions to a 529 plan or an Education IRA. The earnings grow tax free though and are tax-exempt on the back end if used for qualified education expenses.

Some states do give a deduction to their state 529 plans though.