davidheier
Level 1
10-08-2020
09:46 AM
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The program limits the 529 deduction to 15K per taxpayer. The PA instructions say the limit is 15K per beneficiary. I am confused as to what they consider "beneficiary". The Proseries instructions say it is 15K per taxpayer. If a taxpayer has 4 children and contributes 15K to their children's 529 plans, proseries only gives a 15K deduction (30 if MFJ and spouse has income). Under how I read the PA instructions, he should get a 60K deduction.
Can someone help with clarifying this?
Thanks.
David
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Level 15
10-08-2020
11:08 AM
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I don't do PA taxes, but when I looked at their site I think they definitely mean $15000 per child. You may have to override, and when you efile just turn off error checking. @IntuitBettyJo could you look into this. Thanks