If a taxpayer contributes to a Rhode Island College Bound Saver plan they may be eligible for a subtraction from income on their Rhode Island tax return.
The maximum deduction is $500 ($1,000 if a joint return) regardless of the number of accounts.
To enter the deductible portion of the contributions that were made in the ProWeb program, from the main menu of the Rhode Island return, select:
- Subtractions from Income
- Tuition Savings Program Contributions
Additional Information: