Question

Where do you enter the 529 Contrubution amount?

Forum|Forum|5 years ago
February 25, 2021
2 replies
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This is for IL that gives a 5% state tax credit

TurboTax Deluxe Online

M

Mike9241

Illinois schedule M line 13. only contributions to Illinois plans qualify.

E

ErnieS0

To enter an Illinois 529 contribution:

In the Illinois section, Go to Here’s the income that Illinois handles differently
In Education, click Start on College savings and prepaid tuition plan contributions
Enter your Account Number and Contribution Amount

You are allowed to subtract up to $10,000 in contributions if you are single and $20,000 if you are married filing a joint return for contributions you made to the “Bright Start” program, the "College Illinois" Illinois Prepaid Tuition Trust Fund, or the "Bright Directions" program during the tax year.

Related Resource:

Do contributions to IRC Section 529 college savings and tuition programs qualify as a deduction?

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