During the TurboTax state tax return interview you subtract payments or contributions to a qualified state tuition program administered by College Invest. There is a section to enter subtractions from federal taxable income, and 529 plan payments or contributions will be one of the categories that can be subtracted. Look for a question about qualified tuition program or College Invest contributions.
Illinois permits a "Schedule M Subtraction" for contributions to the Bright Start and Illinois Prepaid Tuition Program up to a combined total of $10,000 ($20,0000 MFJ). According to the instructions, contributions to other plans cannot be subtracted.
If your 529 plan contributions were Bright Start and/or the Illinois Prepaid Tuition program, they can be deducted in the "Illinois subtractions" section of your Illinois state return.
See this Illinois Revenue website for more details.
There is a credit for Illinois K-12 education expenses, and that credit should show up in a section or question on Credits when completing the Illinois state tax return questions.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
