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1040 States

1040 State: Tuition Savings Program (529 Plan)

Some states allow a credit or deduction on the state return when you make contributions to a qualified tuition program. To calculate the adjustment on the state return, go to the federal
1099Q
 screen in the Educate folder and enter the postal code in the
State
 field, the
Amount contributed in current year
, and any additional data entry specified in the following table. If a state isn't listed, it doesn't require additional data entry or it doesn't allow an adjustment on the state return.
Use the
Search
 field to search the table data.
State
Program/plan
Additional Data Entry
Notes
Alabama
PACT or College Education Savings Program
Enter
State use
 code 23
N/A
Arizona
529 College Savings Plans
Enter
State use
 code 24. Part-year residents also need to enter the amount of contributions made during the period of residency on the
AZAdj
 screen.
Nonresidents are not allowed a subtraction.
Arkansas
Tuition Savings Program
Enter
State use
 code 5 and the
Account Number
.
Taxpayers are allowed to apply all or a portion of their refund to an Arkansas Tax Deferred Tuition Savings Program account. This can be done by entering the amounts on the
ARGen
 screen in the General folder.
Colorado
Tuition Program Contribution
Enter
State use
 code 24 and the
Account number
.
To apply a refund to a 529 plan account, enter the State of CO, State use code of 24, and Account number for Direct Portolio and Smart Choice accounts.
Connecticut
Higher Education Trust
Enter
State use
 code 13 and the
Account number
.
The account number and beneficiaries name will transfer to the
CTBank
 screen. Enter the account type and amount of refund to apply on the
CTBank
 screen in the General folder.
District of Columbia
529 College Savings Plan
Enter
State use
 code 24
N/A
Georgia
Higher Education Savings Plan
Enter
State use
 code 24
N/A
Idaho
529 College Savings Program
Enter
State use
 code 24
N/A
Illinois
Bright Start College Savings Pool
Enter
State use
 code 6 and the 10 digit
Account number
.
Prior year return deposits, state use code 6 and the account number proforma to this screen.
Illinois
Bright Directions College Savings Pool
Enter
State use
 code 14 and the 9 digit
Account number
.
Prior year return deposits, state use code 14 and the account number proforma to this screen.
Illinois
College Illinois Prepaid Tuition Program
Enter
State use
 code 7.
N/A
Indiana
529 College Savings Plan
Enter
State use
 code 16 and the
Account number
.
Account numbers must be 11 digit's beginning with 61, 62 or the 10 digit account number that starts with 200, 201, or 208 to claim the credit. Do not include letters or other non-numeric characters in the account number.
Iowa
Educational Savings Trust
Enter
State use
 code 10.
Amounts contributed in the current year are limited per beneficiary, per taxpayer and spouse on the Iowa 529 Contribution Limitation Worksheet.
Kansas
529 College Savings Plan
Enter
State use
 code 24 and the 11 digit
Account number
.
Prior year return deposits, State use code of 24, and Account number will proforma to this screen.
Louisiana
START Savings Program
Enter
State use
 code 24.
If the refund contribution is not entered on the federal
1099Q
 screen, mark the
Include refund contributed on the Income Exclusion Worksheet
 field on the
LAAdj
 screen. Prior year refunds contributed are proforma'd to the
LAAdj
 screen for reference.
Maryland
Prepaid College Trust
Enter
State use
 code 18 and the 8 digit
Account number
.
Maryland allows a subtraction up to $2,500 for each contract purchased under the Maryland Prepaid amounts contributed to investment accounts for the same beneficiary under the Maryland College Investment Plan and the Maryland Broker-Dealer College Investment Plan. Any excess amounts may be transferred to subsequent consecutive taxable years until the full amount of the payment or contribution has been allowed as a subtraction for a prepaid college trust or the 11th year of a college investment plan account. Enter carryover information in the
College savings plans prior years carryover
 statement on the
MDAdj
 screen in the
Income & Adjustments
 folder.
Maryland
College Investment Plan
Enter
State use
 code 19 and the
Account number
.
N/A
Massachusetts
Prepaid Tuition Plan
Enter
State use
 code 25.
N/A
Massachusetts
529 College Savings Program
Enter
State use
 code 26.
N/A
Michigan
Education Savings Program (MESP)
Enter
State use
 code 3.
N/A
Michigan
Education Trust (MET)
Enter
State use
 code 4.
N/A
Minnesota
Education Savings Account Contributions
Enter
State use
 code 24 and the
Account number
.
N/A
Mississippi
Prepaid Affordable College Tuition (MPACT)
Enter
State use
 code 1.
N/A
Mississippi
Affordable College Savings (MACS)
Enter
State use
 code 2.
N/A
Missouri
529 College Savings Plan
Enter
State use
 code 24.
N/A
Montana
Family Education Savings Account
Enter
State use
 code 22.
N/A
Nebraska
529 College Savings Plan
Enter
State use
 code 20.
N/A
New Mexico
529 College Savings Plan
Enter
State use
 code 11.
N/A
New York
529 College Savings Plan
Enter
State use
 code 24 and the 11 digit
Account number
.
Note that these instructions are for New York residents only; nonresidents and part-year returns should use the
NYAdj
 screen.
North Dakota
College SAVE Account
Enter
State use
 code 17.
N/A
Ohio
CollegeAdvantage 529 savings plan
Enter
State use
 code 24.
Prior year return deposits, State use code of 24 and Account number proforma to this screen.
Oklahoma
529 College Savings Plan
Enter
State use
 code 8.
N/A
Oregon
529 College Savings Plan and MFS 529 Savings Plan
Enter
State use
 code 24.
Amounts contributed in the current year are limited to the maximum allowed by the state for the year. Amounts not used in the current year are transferred forward on the Oregon 529 College Savings Contribution Carryover Worksheet for four years.
Pennsylvania
529 Tuition Account Program
Enter
State use
 code 24 and the 11 digit
Account number
.
For part-year and nonresident returns, use the
PA529
 screen in the Income & Adjustments folder to allocate an amount the applies only to the Pennsylvania return.
Rhode Island
Tuition Saving Program
Enter
State use
 code 24.
N/A
South Carolina
College Investment Program (Future Scholar and Tuition Prepayment Program.
Enter
Type of account
 option 2.
N/A
Utah
Educational Savings Plan (UESP)
Enter
State use
 code 15.
N/A
Virginia
529 College Savings Plan
Enter
State use
 code 24 and the
Account number
.
The account number is used on the Virginia College Savings Plan Carryover Worksheet but is a required field to transfer the contribution to Virginia.
West Virginia
Prepaid Tuition/Savings Plan
Enter
State use
 code 24.
N/A
Wisconsin
529 College Savings Plan
Enter
State use
 code 24.
N/A

This article applies to:

  • Product: UltraTax CS
  • Return type: 1040 Individual
  • State: All states, Alabama
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