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eddietens
New Member

Can I deduct 529 education accounts in KY? 529 is for a grandchild in WA

 
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bwa
Alumni
Alumni

Can I deduct 529 education accounts in KY? 529 is for a grandchild in WA

You wouldn't enter it as it's not deductible.  There is no federal deduction for 529 plans and while some states have a deduction for them, Kentucky is not one of them.  Eight states: Alabama, California, Delaware, Hawaii, Kentucky, New Jersey, Massachusetts, and Minnesota have no deduction or credit for 529 plan contributions


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bwa
Alumni
Alumni

Can I deduct 529 education accounts in KY? 529 is for a grandchild in WA

You wouldn't enter it as it's not deductible.  There is no federal deduction for 529 plans and while some states have a deduction for them, Kentucky is not one of them.  Eight states: Alabama, California, Delaware, Hawaii, Kentucky, New Jersey, Massachusetts, and Minnesota have no deduction or credit for 529 plan contributions


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