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Can I open a 529 account for more than one beneficiary?

Yes, you can. While there can be only one beneficiary per account, you can open separate accounts for different beneficiaries. Furthermore, the same individual can also be the beneficiary of multiple accounts. For example, a parent and grandparent can each open a separate account for the same child and can also open separate accounts for that child’s siblings. However, you may not make additional contributions to 529 plans offered by the State of Nevada once the aggregate balance of all accounts for the same beneficiary reaches $370,000.

 

 

 

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