Where Do I Enter Contributions to a New Mexico 529 College Savings Plan?
Online · Written guide Content date 1 min read
A taxpayer living in New Mexico can deduct contributions to New Mexico's 529 College Savings Program dollar for dollar from their state taxable income.
To enter the deductible portion of the contributions in Tax Processors Plus Online, from the New Mexico Return menu select:
- Deductions From Income
- Deduction for Contributions to NM Education Trust Account - Enter the deductible amount of the contribution that the taxpayer and spouse, if applicable, made to the plan.
Additional Information:
New Mexico State Tax Information
New Mexico 529 Plan Tax Benefits
Tax Processors Plus Online 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.