Income over 250k is 5% x $6,000 = $300. Income tax liability over $300 so full amount should be a credit. Very straight forward but you aren't getting there. You are using the online version. Maybe some data got stuck in the program?
The are two places in the program that mention the 529. The first is Here's the income that OR handles differently. Under Investments, is has 529 carryforwards. That should not be affecting your computation. Any chance there is something there making up the rest of the credit?
If not, follow these steps:
- delete your entry for $6,000 in the actual 529 entry on Take a Look at OR credits and taxes.
- Delete the form Other Credits:
- How to Delete
- Log out of your return
- Try one or more of the following:
- Don't use Internet Explorer.
- Clear cache and cookies,
- Sign in using a different browser.
- Sign in using a different device.
- Log back into your return.
- Enter the 529 again.
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