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My filing state is CT and I am trying to enter my 529 Contributions. Where should i enter my contributions to get the state returns as CT is one of the eligible states?

 
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5 Replies
MayaD
Expert Alumni

My filing state is CT and I am trying to enter my 529 Contributions. Where should i enter my contributions to get the state returns as CT is one of the eligible states?

To enter your contributions:

  1. Open your CT state return and continue until you get to the screen Here's the income that Connecticut handles differently
  2. Scroll down to Education
  3. Select CHET Contributions

CHET is a state-sponsored, tax-advantaged 529 college savings plan that's helping families and individuals plan for the cost of higher education. Connecticut families can take an income tax deduction (up to $5,000 for single filers, $10,000 for joint filers) on contributions to CHET accounts

 

Connecticut Higher Education Trust (CHET)

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coryknick
New Member

My filing state is CT and I am trying to enter my 529 Contributions. Where should i enter my contributions to get the state returns as CT is one of the eligible states?

There appears to be an issue with TurboTax and the Connecticut State Return.   Connecticut 529 contributions are tax deductible at the state level, but there is no Education section or 529 Contribution deduction on the State tax summary page.  If you let the system walk you through the deduction process though, step by step, it will eventually ask you if you made contributions to a 529 (in the income section, not the credits and taxes section).  Someone at TurboTax should fix this.

TCARROZZA1
Returning Member

My filing state is CT and I am trying to enter my 529 Contributions. Where should i enter my contributions to get the state returns as CT is one of the eligible states?

The same issue is happening for Virginia, the software says "I've got everything, lets review" as soon as I switch from the Federal but I can't find a place to put in my contributions.  I'm annoyed that the price of the software keeps increasing every year, but this issue still hasn't been fixed.  I never get a statement that says "here's what Virginia handles differently"

Now I have to go back and check last years return to see if I was able to fix it then!

MayaD
Expert Alumni

My filing state is CT and I am trying to enter my 529 Contributions. Where should i enter my contributions to get the state returns as CT is one of the eligible states?

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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My filing state is CT and I am trying to enter my 529 Contributions. Where should i enter my contributions to get the state returns as CT is one of the eligible states?

How do you do the carry forward please? I've contributed more than $5,000 in 2024, but the program doesn't let me enter more than that. How will TurboTax 2025 next year know that I have additional contributions carried forward from 2024?

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