I want to start a 529 plan for my son. I am not sure if monthly contribution has to be fixed or I can increase/reduce my contribution as per my financial situation. E.g. if I lose my job I may decide to reduce my contribution or jack it up when I get my annual bonus.
Since the contribution is through payroll, what happens when if I take a break from job?
Can both mom and dad contribute to same 529 account and benefit from tax deductions?