MayaD
Expert Alumni

Retirement tax questions

To report 529 carry over contributions on your VA return:

  1. Open your state return and continue to the screen Here's the income that VA handles differently
  2. Scroll to Education
  3. Select Commonwealth Savers (Section 529) plan
  4. Answer Yes We've had one of these 529 plans  and continue 
  5. On the following screen check the box I made a payment or contributions in 2024

 

Invest529 account owners who are Virginia taxpayers may deduct contributions up to $4,000 per account per year with an unlimited carryforward to future tax years, subject to certain restrictions.

VA529

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