Where Do I Enter Contributions to a Nebraska 529 College Savings Plan?
Online · Written guide Content date 1 min read
If a taxpayer contributes to a Nebraska 529 College Investment Plan, a portion of the contribution can be subtracted from income on the Nebraska return.
Account owners are eligible to receive a Nebraska state income tax deduction of up to $10,000 ($5,000 if married, filing separately).
There is no income limit or savings cap. There is a contribution limit of $500,000 per beneficiary.
To enter the deductible portion of the contributions in Tax Processors Plus Online, from the resident Nebraska Return menu select:
- Subtractions from Income
- NE College Savings Plan – Enter Contributions made in tax year
Additional Information:
Nebraska State Tax Information
Nebraska 529 Education Savings
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.