If we filed jointly and contributed $16,000 to a 529 NY college program, we get a $10,000 state credit. What about the other $6K? Can this be carried over to next year
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June 3, 201911:58 AM
last updated
June 03, 201911:58 AM
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If we filed jointly and contributed $16,000 to a 529 NY college program, we get a $10,000 state credit. What about the other $6K? Can this be carried over to next year
No. New York only allows credit for contributions made during the current tax year. There is no credit for contributions made during previous years.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
If we filed jointly and contributed $16,000 to a 529 NY college program, we get a $10,000 state credit. What about the other $6K? Can this be carried over to next year
No. New York only allows credit for contributions made during the current tax year. There is no credit for contributions made during previous years.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
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