topic How do i report 529 carry over contributions in State tax filing

How do i report 529 carry over contributions

alvilla4 — Fri, 07 Feb 2025 14:09:16 GMT

I have over contributions to my 529 from previous years that I have not reported as deductions yet. How do I report this carry over contribution for this year's tax return?

Re: How do i report 529 carry over contributions

AnnetteB6 — Fri, 07 Feb 2025 14:29:43 GMT

Contributions made to a 529 plan are entered as part of your state return. Each state has different rules regarding carryover contributions, but if your state allows a carryover then the entry should be part of the 529 contributions page in your state return.

If you are having difficulty finding that exact entry, please share the state you are filing and someone can guide you to the right place.

Re: How do i report 529 carry over contributions

alvilla4 — Fri, 07 Feb 2025 19:08:28 GMT

thank you for responding. this is for the VA State tax

Re: How do i report 529 carry over contributions

MayaD — Fri, 07 Feb 2025 19:19:30 GMT

To report 529 carry over contributions on your VA return:

Open your state return and continue to the screen Here's the income that VA handles differently
Scroll to Education
Select Commonwealth Savers (Section 529) plan
Answer Yes We've had one of these 529 plans and continue
On the following screen check the box for the contributions carry over

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