If a taxpayer contributes to a PA529 plan, a portion of the contribution can be subtracted from income in their Pennsylvania income tax return. Contributions up to $18,000 per year are eligible for a Pennsylvania state income tax deduction for those filing a single return; and up to $36,000 per year for those filing a joint return.
To enter the deductible portion of the contributions in TaxSlayer Pro, from the Pennsylvania Tax Return Menu select:
- PA Taxable Income
- Other Deductions (Schedule O)
-
IRC Section 529 Tuition Contributions
or
IRC Section 529A Savings Account Contributions
Additional Information:
Pennsylvania State Tax 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.