turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

braddiez
New Member

I don't see a section to add my 529 Start contributions to my return.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Fern
New Member

I don't see a section to add my 529 Start contributions to my return.

You do not get a tax benefit for making a contribution to a 529 account on your federal taxes. The tax benefit for these accounts are that the income earned on the amounts contributed are not taxes as long as the account is used for educational purposes.

You may get a tax deduction on your state tax return for making a contribution to a 529 account. The Turbo Tax program will ask you about contributions as you complete your state tax return.

View solution in original post

1 Reply
Fern
New Member

I don't see a section to add my 529 Start contributions to my return.

You do not get a tax benefit for making a contribution to a 529 account on your federal taxes. The tax benefit for these accounts are that the income earned on the amounts contributed are not taxes as long as the account is used for educational purposes.

You may get a tax deduction on your state tax return for making a contribution to a 529 account. The Turbo Tax program will ask you about contributions as you complete your state tax return.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question