Question

Education Savings Plan Contributions refer to which amount, the total contributed or only what is deductible?

Forum|Forum|6 years ago
August 22, 2019
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TurboTax Premier Online

What is the context in which you see this? Is it on a TurboTax screen? If so, what is the heading of the screen? And is this for a federal education savings plan or for a state one? Please give more details.

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N

n11Author

Hi, I am referring to "Education Savings Plan Contributions" an input box in a Kansas Return. I have a Learning Quest Education plan(529). The page I am referring to has "Enter Your Education Savings Contributions" at the heading. As before I stated I have 2 kids. I wanted to know if the "Education Savings Plan Contributions" input had to do with the Total contributions or just the deductible portion as I notice it calculates differently.

Considering I do not know how the calculations are done on the back end I am so far using the total contributions. Please let me know how to proceed here. I will be pleased to offer any other information necessary.

Thank You!

Hal_Al

Employee

I'm not familiar with the Kansas software, specifically. But for those states, I am familiar with, you enter the total amount. TurboTax will calculate the deductible amount.

Some states allow you to carry the nondeductible amount forward and deduct it next year. TurboTax will handle this automatically, in that case.