I am looking at my 2023 Turbotax .I work in NY and live in NJ so I file non resident NYS return .I have enter 5300 in NY 529 contribution. However, when I look at forms, that amount is flowing through any forms or calculations and I don't see deduction or credit. Is it a glitch?
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You state that you are filing a nonresident return. You can review the rules.
Reference: Tax benefits | NY 529 Direct Plan - the very bottom mentions nonresidents will have to check with their state of residency.
I don’t see anything on the page that says non resident is not qualified just that it might vary. Can you tell where I can specifically confirm this? I have friends whose accountant who tells them they can deduct because they work in NY..
“State tax benefits for non-resident New York taxpayers may vary. Please consult your tax advisor about your particular situation.”
I have found pages that conflict but finally found a chart on page 4 that shows the nonresident form IT-203 with the 529. I recommend you make a copy and keep it with your tax records since it comes from the state of NY and is dated for 2024 tax year. There is also a record of this conversation here. Great job!
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