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deniosc
New Member

This is the first year I am being asked for the total amount of contributions I have made to my 3 children's 529 Accounts. Do you know why I am being asked this year?

 
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1 Reply
BrittanyS
Expert Alumni

This is the first year I am being asked for the total amount of contributions I have made to my 3 children's 529 Accounts. Do you know why I am being asked this year?

Are you being asked in the state interview questions?  Many states allow credit for 529 contributions or a deduction from taxable income.  Depending on the state you are filing with, you are likely being asked about 529 contributions to allow for a credit or deduction.  

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