Where Do I Enter Contributions to a Virginia 529 Plan?
Desktop · Written guide Content date 1 min read
If a taxpayer contributes to a Virginia 529 college savings plan, a portion of the contributions can be subtracted from income on the Virginia return. Virginia Invest529 account holders under the age of 70 may deduct up to $4,000 per account per year with an unlimited carryforward to future tax years. Account Holders age 70 or older can deduct the entire amount paid to the VA Invest529 plan during the tax year.
To enter the deductible portion of the contributions in Tax Processors Plus Desktop, from the Virginia Tax Return Menu select:
- Total Subtractions
- Other Subtractions
- Other Subtractions
- New - Select 34 - College Savings Plan Income Distribution.
Additional Information:
Virginia State Tax Information
Tax Processors Plus Desktop strives to keep the information on this page timely and accurate but makes no promise or guarantee about the timeliness, accuracy, or completeness of the contents of this page. This is general information and is not intended to be tax advice. You are encouraged to also review the underlying state resources and publications.