I live in New Jersey and work in New York City. Opened a 529NY account for my child. I have read that I can take a deduction in New Jersey since I work in New York. Where do I enter it.
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New Jersey does not offer a deduction for 529 plan contributions. But if you live in New York and pay New York state income taxes you may be able to deduct the contributions on your New York tax return. (For more information, please see NY 529 Plans.)
You'll enter the 529 contributions during the New York state tax interview, under Changes to Federal Income. To get there:
New Jersey does not offer a deduction for 529 plan contributions. But if you live in New York and pay New York state income taxes you may be able to deduct the contributions on your New York tax return. (For more information, please see NY 529 Plans.)
You'll enter the 529 contributions during the New York state tax interview, under Changes to Federal Income. To get there:
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