- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
529 turbo tax where to put the # of beneficiaries and standard deductions
So on Turbo tax it seems to only ask how much we contributed to the 529, but since I have 3 different beneficiaries my cap should be 7,500 not 2,500 is there a place to note the number of accounts? Or does it automatically know to count the full amount?
Also if I take the standard deduction for the federal and as a consequence have to take the standard for Maryland will the 529 still reduce my tax liability?
‎January 12, 2024
10:58 AM