3137675
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

marting1
New Member

I have several grandchildren in college that I fund thru a 529 program. Do I deduct the contribution individually or collectively?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Hal_Al
Level 15

I have several grandchildren in college that I fund thru a 529 program. Do I deduct the contribution individually or collectively?

There is no federal deduction for making a contribution to a 529 plan.

 

Some states allow a deduction on the state return. If your state is one, it will come up in the state interview; usually in the "Here's how (your state) handles income differently" section. Most states allow a deduction for each beneficiary.  

If it's not self explanatory, when you reach that page/screen, post a new question, identifying the state. 

 

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question