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529 educational investment plans ARE a valid deduction for Virginia state taxes. Where do I enter this information in Turbo Tax (it is WELL hidden!)?

Forum|Forum|1 year ago
March 26, 2025
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TurboTax Deluxe Online

Best answer by AnnetteB6

Still NO ANSWER! The proposed solution would work fine if it existed in the ON LINE TurboTax Deluxe Edition, but it DOES NOT! This version DOES NOT include the ENTIRE VA tax code!!! Here are screen shots to show what it does include. The first shot shows the basic state menu. The next three show the "Credit & Taxes" screen. The final shot shows the "Other Situations" screen. The screen for what VA does differently DOES NOT EXIST in this version! (If it does it's extraordinarily well hidden.)

Edit the Income section seen in the screenshot you shared above. Then scroll to the Education section, which is the fourth category down the page, and click Start beside Commonwealth Savers (section 529) Plan.

@mrvark

DawnC

When you go through the VA return, you will come to a screen titled Here's the income that Virginia handles differently. Scroll down to Education and click Start next to Commonwealth Savers (Section 529) Plan.

Which Plans Qualify for the Deduction? Virginia offers 529 Plans:

- Virginia Education Savings Trust (Invest529)
- Virginia Prepaid Education Program (Prepaid529)
- CollegeWealth (only through certain banks)
- CollegeAmerica (only through financial advisers)

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M

mrvarkAuthor

That is probably in the downloaded version. However, both of my computers are too old to use that version so I am being forced to use the online version (last year one of my computers was still supported and I was able to do what you suggest). I don't believe this feature is included in the online version. If it is, where is it hidden?

AmyC

For the online version, Here's the income that Virginia handles differently is a little different. You want to locate the Education section and then select Commonwealth Savers (section 529) plan