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There is no option to select the qualified tuition under deductions and credits

How to post 529 contribution when there is no option in deductions and credits area
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2 Replies
AmyC
Expert Alumni

There is no option to select the qualified tuition under deductions and credits

529 contributions are often allowed at the state level. There is not deduction for contributions at the federal level.

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Hal_Al
Level 15

There is no option to select the qualified tuition under deductions and credits

There is no federal deduction for making a contribution to a 529 plan, so there is no place in the TurboTax (TT) Federal program to enter it.  TT will not be tracking your contributions.

 

 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.  If you state allows a carryforward, the TT state program will track that.

 

 For a state list of eligible plans, see: https://www.savingforcollege.com/article/how-much-is-your-state-s-529-plan-tax-deduction-really-wort...

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