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April 8, 2021
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529 and my state

  • April 8, 2021
  • 1 reply
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I live in NY state and have a 529 Plan with my broker who tells me the state of the 529 account is Kansas. Can I deduct the amount I contributed to this account even though it is not a "NY State 529 Plan"?  And does it matter that my daughter goes to school in New Jersey?

Best answer by mglauner

Unless you contributed to a New York 529 plan, you can't deduct your contributions to another state plan on your New York tax return.

 

Click this link for more info on Out of State 529 Plan. 

1 reply

mglaunerAnswer
April 8, 2021

Unless you contributed to a New York 529 plan, you can't deduct your contributions to another state plan on your New York tax return.

 

Click this link for more info on Out of State 529 Plan.