You'll need to sign in or create an account to connect with an expert.
For most people, you don't enter it, at all. There is no federal deduction for making a contribution to a 529 plan, so there is no place in the TurboTax (TT) Federal program to enter it. TT will not be tracking your contributions.
Some states allow a deduction on the state return. If your state is one, it will come up in the state interview; usually in the "Here's how (your state) handles income differently" section. If your state allows a carryforward, the TT state program will track that.
For a state list of eligible plans, see: https://www.savingforcollege.com/article/how-much-is-your-state-s-529-plan-tax-deduction-really-wort...
For most people, you don't enter it, at all. There is no federal deduction for making a contribution to a 529 plan, so there is no place in the TurboTax (TT) Federal program to enter it. TT will not be tracking your contributions.
Some states allow a deduction on the state return. If your state is one, it will come up in the state interview; usually in the "Here's how (your state) handles income differently" section. If your state allows a carryforward, the TT state program will track that.
For a state list of eligible plans, see: https://www.savingforcollege.com/article/how-much-is-your-state-s-529-plan-tax-deduction-really-wort...
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.
missy1170
New Member
joycets
New Member
bpsweeney3302
Level 1
caseandtam
New Member
OrdAandM1979
Level 2