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Where do you enter the 529 Contrubution amount?

This is for IL that gives a 5% state tax credit
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2 Replies

Where do you enter the 529 Contrubution amount?

Illinois schedule M line 13.  only contributions to Illinois plans qualify. 

ErnieS0
Expert Alumni

Where do you enter the 529 Contrubution amount?

To enter an Illinois 529 contribution:

  • In the Illinois section, Go to Here’s the income that Illinois handles differently
  • In Education, click Start on College savings and prepaid tuition plan contributions
  • Enter your Account Number and Contribution Amount

You are allowed to subtract up to $10,000 in contributions if you are single and $20,000 if you are married filing a joint return for contributions you made to the “Bright Start” program, the "College Illinois" Illinois Prepaid Tuition Trust Fund, or the "Bright Directions" program during the tax year.

Related Resource:

Do contributions to IRC Section 529 college savings and tuition programs qualify as a deduction?

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