If a taxpayer contributes to a Connecticut Higher Education Trust 529 College Savings plan, the contribution can be subtracted from income on the Connecticut return. Contributions are deductible for Connecticut income tax purposes up to $5,000 per year for a single return or up to $10,000 per year for a joint return. If the contribution exceeds this amount, it can be carried forward for the 5 taxable years following the deduction.
To enter the deductible portion of the contributions in TaxSlayer Pro, from the Connecticut Tax Return Menu select:
- Subtractions from Federal Adjusted Gross Income
- Contributions to CT Higher Education Trust (CHET) - Enter the contribution amount and the CHET Account Number. For joint returns, combine the contribution amounts made by the taxpayer and the spouse.
Additional Information:
Connecticut State Tax Information
Connecticut Higher Education Trust 529 College Savings Program
TaxSlayer Pro 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.