68607
You'll need to sign in or create an account to connect with an expert.
Contributions to your 529 plan are not deductible on your federal tax return. Your investment grows tax-deferred and distributions you pay for college are federally tax-free.
However, many states do offer an income tax deduction for contributions to the college-savings plan.
Since I am not sure which state you live in, please be sure to complete the Turbo Tax interview deductions questions on your state tax return.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
rtoler
Returning Member
blackgirl68
New Member
TEAMBERA
New Member
itsagirltang69
New Member
phillips_lp
New Member