Question
VIRGINIA 529 Plan Deduction - Error?
The 529 Plan is described as allowing up to $4000 per account for tax deduction Turbo Tax for Virginia also says the limit is $4000 per account. BUT when I enter, as asked, the amounts contributed to 2 accounts for 2021, a total of $10000, Turbo Tax proceeds to apply the full $10000 as a deduction on the state forms. Is this a blatant error by TurboTax software? I see no indication that the contribution amounts are reduced to the maximum of $4000 per account.
