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February 28, 2025
Question

NJ 529 for 2024

  • February 28, 2025
  • 1 reply
  • 0 views

I cannot find a topic within Turbo taxs premier to file my 529 account contribution.Please help

 

 

    1 reply

    February 28, 2025

    To report your contributions:

    1. Open you NJ return
    2. Continue until you get to the screen New Jersey College Affordability Deductions. 

     

    The New Jersey College Affordability Act allows for three Income Tax deductions for those who file tax returns showing gross income of $200,000 or less. Deductions include contributions to an NJBEST 529 savings plan, payments made for an NJCLASS student loan, and tuition costs for New Jersey colleges and universities.

    NJ Treasury

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