Education

AndreaC1 · ‎June 4, 2019

Contributions to a qualified college savings plan are not deductible on your federal return, but may be deductible on your state return. If your state allows a deduction, you will see the entry point as you work through the state return.

You can find more details here Information on 529 Plans

You can also find more here on the Iowa Department of Revenue's website https://tax.iowa.gov/expanded-instructions/other-adjustments-2#529 under the section titled College Savings Iowa or Iowa Advisor 529 Education Savings Plan.

NOTE: See screenshots for navigation assistance.

Where to enter in State portion of your return:

Log into your return and click orange Take me to my return button
Click on State Taxes and then Your State Returns right below that
If you have already entered your state, click Edit next to it and Continue
On the You've Finished Your Iowa Return page, click Update/Start next to Adjustments and continue through until you see the Do You Have Any Personal Adjustments screen and you want to choose Yes there.
On the next page you will see Enter Your Personal Adjustments to Income and you will enter allowed amount there.

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