VA529 Contributions

9 replies
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After pulling my hair out trying to find where in the "interview" I would get the opportunity to enter my VA529 deductions, I did the only thing I could do, which was to switch to forms (click on Forms icon in blue upper righthand corner), got to the VA section and select the Deductions Statement where you can see the editable spaces for entering your contributions and any carryover. No other way as far as I can tell. Considering this issue was raised for at least the past two years in this forum, my question is WHY HASN'T TURBOTAX FIXED THIS? Several years ago, entering these figures was a breeze. You are better off printing and filing State by mail and saving the $25 and your hair.

AnnetteB6Answer

Employee Tax Expert

Look for the screen titled, 'Here's the income that Virginia handles differently' to get started.

On that page, there will be a section for Education > Virginia College Savings Prepaid Tuition (Section 529) Plan.

See the screenshot below for a visual reference:

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

AnnetteB6

Answer

Employee Tax Expert

Look for the screen titled, 'Here's the income that Virginia handles differently' to get started.

On that page, there will be a section for Education > Virginia College Savings Prepaid Tuition (Section 529) Plan.

See the screenshot below for a visual reference:

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Suki3Author

Level 2

Thank you! This is in a different spot (I think) than in the past. I was not expecting this under income. Also, for some reason the interview never walked me to that portion.

Hal_Al

Level 15

Some states allow a deduction on the state return. If your state is one, it will come up in the state interview; usually in the "Here's how (your state) handles income differently" section.

I have verified (desktop Deluxe) that the Virginia program has it in that place. Enter at:

-Education

-Virginia College Savings Prepaid Tuition (Section 529) Plan

On the next screen, answer Yes, we had one of these plans, then follow the interview. The wording is a little more "involved" than most other states.