What does it mean when a married couple filing jointly with two dependent children contributes 10,000 for each child to separate QTP for each child?
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What does it mean when a married couple filing jointly with two dependent children contributes 10,000 for each

child to separate QTP for each child? I don't know what tax form to put this on and I'm not sure if its taxable/non-taxable or deductible/non-deductible. Can you please explain what a QTP is and how it affects AGI and refund amount if it affects either at all?

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