Question
pa deduction for 529
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
