topic FRUSTRATING!!!! in State tax filing

Where do I enter contributions to a 529 plan?

katzofct — Wed, 26 Jun 2019 22:57:32 GMT

I made contributions to my grandson's 529 plan in another state and want to be able to deduct these. Where / how do I do that?

Your contribution isn’t tax-deductible on your federal re...

DJS — Fri, 07 Jun 2019 21:57:47 GMT

Your contribution isn’t tax-deductible on your federal return, but two-thirds of the states do offer an income-tax deduction for contributions. Most require that you contribute to your own state’s plan to get the break (Arizona, Kansas, Maine, Missouri and Pennsylvania allow deductions for contributions to any state’s plan). But each state also has different rules about who can take the deduction for their contributions.

Many states, such as Ohio, let residents deduct their 529 contributions to the state’s plans even if they are not the account owner. If you live in Ohio and your niece’s parents already have an account for her in that state, for example, you can deduct up to $2,000 you contribute to her account per year (whether filing as single or jointly), and you can apply any contributions above that limit to future years’ taxes. If your niece’s parents don’t have an account for her in your state, you can open one for her yourself. There’s no limit to the number of 529 accounts that people can have for one student, and the accounts don’t need to be in the state where the student lives.

If your state is one of those states that has a 529 plan deduction, TurboTax will prompt you to enter your 529 contributions when you get to the credits/deductions portion of your state tax interview.

I am not being prompted to enter my contributions to my c...

ms-wachter — Fri, 07 Jun 2019 21:57:49 GMT

I am not being prompted to enter my contributions to my child's North Carolina 529. Anyone know why?

From what I can tell, it's only deductible on state tax r...

dave29 — Fri, 07 Jun 2019 21:57:50 GMT

From what I can tell, it's only deductible on state tax returns, not Federal, but I'm no expert.

TurboTax is not prompting for entries on the VA return. H...

ricklowjunk — Fri, 07 Jun 2019 21:57:52 GMT

TurboTax is not prompting for entries on the VA return. Have done this in the past. What is the issue?

I agree ricklowjunk. i file VA state returns and I wasn't...

phil-wolf — Fri, 07 Jun 2019 21:57:52 GMT

I agree ricklowjunk. i file VA state returns and I wasn't prompted to enter any 529 payments. Frustrating to say the least. No solution from me but i share in your frustration.

Also not prompting for Iowa 529 entries on the state retu...

jabramble — Fri, 07 Jun 2019 21:57:53 GMT

Also not prompting for Iowa 529 entries on the state return. Frustrating!!

Also not prompting for Montana 529 entries... yes FRUSTRA...

amcclellan0702 — Fri, 07 Jun 2019 21:57:54 GMT

Also not prompting for Montana 529 entries... yes FRUSTRATING. Also, I am nearly 100% certain Montana is a state that can contribute to ANY states plan and the response above does not indicate as such. Where is the fix TT??

Colorado allows for a 529 deduction, so I did that. tha...

ddmhbender — Fri, 07 Jun 2019 21:57:56 GMT

Colorado allows for a 529 deduction, so I did that. thanks TURBO'''''

Did the person from Montana ever figure out where to reco...

tara_chesley — Fri, 07 Jun 2019 21:57:57 GMT

Did the person from Montana ever figure out where to record the 529 contribution?

Also not prompting in IL

parky123 — Fri, 07 Jun 2019 21:58:00 GMT

Also not prompting in IL

not prompting for ca as well

amurat81 — Fri, 07 Jun 2019 21:58:01 GMT

not prompting for ca as well

not prompting for IL and it is definitely tax deductible...

cworkman7 — Fri, 07 Jun 2019 21:58:02 GMT

not prompting for IL and it is definitely tax deductible here

not prompting for missouri

josephspirk — Fri, 07 Jun 2019 21:58:04 GMT

not prompting for missouri

The 529 deduction option worked great last year for Arizo...

follette — Fri, 07 Jun 2019 21:58:05 GMT

The 529 deduction option worked great last year for Arizona, but it's not showing up this year (yet). Is this a known issue?

The system doesn't prompt for Iowa. Once located it only...

jokirkev — Fri, 07 Jun 2019 21:58:07 GMT

The system doesn't prompt for Iowa. Once located it only allows to enter 529 deductions for self and spouse NOT our beneficiaries/children. Looks like we need a patch!

Not prompting me for IL. Last year it did.

rgab04 — Fri, 07 Jun 2019 21:58:08 GMT

Not prompting me for IL. Last year it did.

Not prompting for ME returns either and it was definitely...

athomewithlily20 — Fri, 07 Jun 2019 21:58:10 GMT

Not prompting for ME returns either and it was definitely tax deductible in prior years, for $250

Maine has repealed the deduction for 529 plan contributio...

LindaA — Fri, 07 Jun 2019 21:58:11 GMT

Maine has repealed the deduction for 529 plan contributions beginning in 2016. For more information, please visit <a rel="nofollow" target="_blank" href="http://www.maine.gov/revenue/">http://www.maine.gov/revenue/</a>.

I dont see it either for the VA state 529 plan.

avi-nos — Fri, 07 Jun 2019 21:58:13 GMT

I dont see it either for the VA state 529 plan.