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I was never prompted to indicate the amount deposited to my 529 IL account when filling out my Illinois state income tax return. Is there a limit?
Is there a limit to the deduction based on income level which is the reason its not prompting the amount deposited?
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I was never prompted to indicate the amount deposited to my 529 IL account when filling out my Illinois state income tax return. Is there a limit?
To enter your Illinois 529 Plan contributions for your dependent's education in TurboTax, please follow these steps:
- In your return, select State Taxes tab
- Proceed through the state interview section for Illinois, answering all questions on residency and income, until you arrive at a page entitled "Here's the income that Illinois handles differently"
- Under Education, click on Start button for "College savings and prepaid tuition plan contributions"
- On next page, "College Savings and Prepaid Tuition Plans", enter your 2016 529 plan contribution amount in the box for "Bright Start College Savings Pool" and click on Continue button
- Finish the rest of the interview questions for Illinois
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I was never prompted to indicate the amount deposited to my 529 IL account when filling out my Illinois state income tax return. Is there a limit?
I have never had anything of Illinois
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