turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Where do I enter Contributions to 529 Savings plans? We contributed via deduction from our checks and added additional money as well.

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
MargaretL
Expert Alumni

Where do I enter Contributions to 529 Savings plans? We contributed via deduction from our checks and added additional money as well.

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. 

Hal_Al
Level 15

Where do I enter Contributions to 529 Savings plans? We contributed via deduction from our checks and added additional money as well.

. Most states do have a deduction for putting money into a 529 plan. If your state is one of them, it will come up during the state interview. For a list see:
<a rel="nofollow" target="_blank" href="http://www.finaid.org/savings/state529deductions.phtml">http://www.finaid.org/savings/state529deduct... down the page) .
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies