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donleeny
New Member

Entering New York 529 contribution. no limit in the turbotax

My understanding is $10,000 is maximum number I put on New York 529 contribution but when I enter $20, 000 the program actually took it and my NY state refund jumped up.  I compare the NY state refund between $10K VS. $20K and  the $20K contribution NY state refund are significantly higher.  Is this program bug that it should be same amount of refund between $10K VS. $20K New York 529 contribution since $10K is the maximum contribution for married joint filing or I am missing something?  

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1 Reply
LeticiaF1
Expert Alumni

Entering New York 529 contribution. no limit in the turbotax

You are correct, the maximum contribution to a New York 529 is $10,000 for people filing a Married filing joint return ($5,000 for others).  Even if the program allows you to enter a larger amount, don't enter more than $10,000.  

 

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