If a taxpayer contributes to a PA529 plan, a portion of the contribution can be subtracted from income on the Pennsylvania return.
Contributions up to $16,000 per year are eligible for a Pennsylvania state income tax deduction for those filing a single return; and up to $32,000 per year for those filing a joint return.
TaxSlayer Pro Desktop - To enter the deductible portion of the contributions that were made in the TaxSlayer Pro desktop program, from the main menu of the Pennsylvania return select:
- PA Taxable Income
- Other Deductions (Schedule O)
- IRC Section 529 Tuition Contributions
or
IRC Section 529A Savings Account Contributions
Additional Information: