Yes. The adjustment for your 529 plan contribution on the Virginia (VA) tax return should be entered on the screen labeled 'Here's the income that Virginia handles differently'.
- Scroll to Education > select Virginia College Savings Prepaid Tuition (Section 529 Plan) > Start or Revisit/Update
- Continue to answer the questions about your plan
Virginia529 is a savings plan that offers flexible, affordable, and tax-advantaged savings for qualified expenses through its four programs:
- Prepaid529SM,
- Invest529SM,
- CollegeAmerica®
- CollegeWealth®
For information on establishing accounts, visit Virginia529.com. You are not required to be the owner of record for an account in order to direct a contribution of all or part of your income tax refund. However, please remember that only the Virginia529 account owner of record as of December 31st is eligible to take the Virginia state tax deduction associated with Virginia529 accounts.
Please note that the CollegeWealth and Prepaid529 programs are no longer accepting new accounts, but existing account owners may continue to contribute to their current CollegeWealth accounts and Prepaid529 contracts. For more information Form 760 Instructions.
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