If a taxpayer contributes to a West Virginia college savings plan a portion of the contribution can be subtracted from income on the West Virginia return.
Contributions up to $18,000 per taxpayer per year ($36,000 for those married, filing jointly) are eligible for a West Virginia state income tax deduction.
To enter the deductible portion of the contributions in ProWeb, from West Virginia Return menu select:
- Subtractions from Income
- Contributions to the West Virginia Prepaid Tuition Trust Fund - Enter amounts of contribution
- Prepaid Tuition Annual Statement - Select and attach the statement PDF.
Additional Information:
West Virginia State Tax Information
West Virginia Smart 529 College Savings Plan
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