If a taxpayer contributes to a Georgia's Path2College 529 College Savings plan, a portion of the contribution can be subtracted from income on the Georgia return.
Contributions up to $4,000 per year, per beneficiary, are eligible for a Georgia state income tax deduction for those filing a single return; and $8,000 per year, per beneficiary, for those filling a joint return.
To enter the deductible portion of the contributions that were made in the Desktop program, from the main menu of the Georgia return, select:
- Subtractions from Federal AGI
- Path2College 529 Plan - Enter the deductible amount* of the contribution that the taxpayer made to the plan. For married filing joint filers, combine the total contributions made by each spouse.
Note: If the contribution amount was more than the deductible limit, do not enter more than $4,000 ($8,000 if both taxpayer and spouse contributed) per beneficiary.
Additional Information:
While TaxSlayer Pro strives to make the information and links contained on this page as timely and accurate as possible, TaxSlayer Pro makes no promise or guarantee about the timeliness, accuracy or completeness of the contents of this page. The information contained on this page is for general information and is not intended to be tax advice. The user is also encouraged to review the underlying state resources and publications.