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Question

Entering New York 529 contribution. no limit in the turbotax

Forum|Forum|1 year ago
March 30, 2025
1 reply
0 views

My understanding is $10,000 is maximum number I put on New York 529 contribution but when I enter $20, 000 the program actually took it and my NY state refund jumped up. I compare the NY state refund between $10K VS. $20K and the $20K contribution NY state refund are significantly higher. Is this program bug that it should be same amount of refund between $10K VS. $20K New York 529 contribution since $10K is the maximum contribution for married joint filing or I am missing something?

You are correct, the maximum contribution to a New York 529 is $10,000 for people filing a Married filing joint return ($5,000 for others). Even if the program allows you to enter a larger amount, don't enter more than $10,000.

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