If a taxpayer contributes to an Alabama 529 College Savings plan, a portion of the contribution can be subtracted from income on the Alabama return. Contributions up to $5,000 per year are eligible for an Alabama state income tax deduction for those filing a single return, and up to $10,000 per year for those filling a joint return.
To enter the deductible portion of the contributions in the Alabama individual tax return in TaxSlayer ProWeb, from the Alabama Return menu select:
- Adjustments to Income
- Enter payments made to Alabama PACT or College Education Savings in 20xx - Enter the contribution amount but not more than $5,000 or $10,000 for joint filers. Joint filers enter the amount as a combined total.
Additional Information:
CollegeCounts Alabama's 529 Fund
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.