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
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.