I agree! TurboTax is exposing users to an error on their state tax returns! In my case, in calendar year 2021, my wife and I contributed a total of $21,100 to the two New York state 529 plans we have for our two children. While TurboTax says "but not more than $10,000 for this year" in parentheses, the software allows you to enter much more than the $10,000 limit (for husband and wife -- married filing jointly).
When I entered just the $10,000 (cap), my NY state tax refund computed to $3,335. But when I entered $21,100, my NY state tax refund jumped to $4,037!
TurboTax should fix this and add some validation to avoid letting users exceed their caps ($5,000 or $10,000).
Curious to hear what an expert has to say about this.
Thank you!
