topic I cannot enter the amount I contributed to my child's 529 plan on my MI state return. It's saying there's a max amount. What do I do? in State tax filing

I cannot enter the amount I contributed to my child's 529 plan on my MI state return. It's saying there's a max amount. What do I do?

lpt1 — Sun, 14 Mar 2021 21:55:25 GMT

If there is a max (which I don't think there is), shouldn't it be for each child? Schedule 1 Line 17 says <=10,000 but I deposited more than that for each. Perplexed.

Re: I cannot enter the amount I contributed to my child's 529 plan on my MI state return. It's sa...

ErnieS0 — Sun, 14 Mar 2021 22:24:59 GMT

Deductible contributions to a Michigan 529 plan are limited to $10,000 for married couples filing jointly or $5,000 for individuals filing single per year. This is total, not per account.

Enter only $10,000 or $5,000 even if you contributed more. TurboTax will give you an error if you exceed those amounts, as those are the deductible limited.

Related Resource:

About 529 Plans: Is there a Michigan income tax deduction?

Re: I cannot enter the amount I contributed to my child's 529 plan on my MI state return. It's saying there's a max amount. What do I do?

kinatukara — Fri, 16 Apr 2021 19:03:39 GMT

I want to know the maximum I can claim on 529 college savings program?

Re: I cannot enter the amount I contributed to my child's 529 plan on my MI state return. It's sa...

AmyC — Fri, 16 Apr 2021 22:37:04 GMT

@kinatukara the Michigan limits are posted above your comment so I think you are in a different state. Where are you?