If a taxpayer contributes to an Arizona 529 Education Savings plan, a portion of the contribution can be subtracted from income on the Arizona return.
Contributions up to $2,000 per year are eligible for an Arizona state income tax deduction for those filing a single return; and $4,000 per year for those filling a joint return.
To enter the deductible portion of the contributions that were made in TaxSlayer Pro, from the Arizona Return menu select:
- Subtractions from Federal AGI
- Contributions to 529 College Savings 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.
Additional Information:
AZ 529 - Arizona's Education Savings Plan
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