New York College Choice Tuition Savings Deduction

Article ID: 59918  

Question
New York College Choice Tuition Savings Deduction

Answer

 

New York’s 529 college savings program deduction/earnings distributions

 

Account owner

 

During 2018, did you, as an account owner, make contributions to or a withdrawal from one or more tuition savings accounts established under New York’s 529 college savings program?

 

If No, go to line 31.

 

If you, as an account owner, made contributions, enter the amount up to $5,000 ($10,000 for married taxpayers filing a joint return) on line 1 of the worksheet below.

 

If you, as an account owner, made a withdrawal and part of the withdrawal was included in your federal AGI, then enter that amount on line 2 of the worksheet below.

 

Worksheet:

 

1 Amount of contributions you made in 2018 to an account established under New York’s 529 college savings program (cannot exceed $5,000 for an individual, head of household, married taxpayers filing separately, or qualifying widow(er), or $10,000 for married taxpayers filing a joint return).........._1

 

2 Amount of Qualified Tuition Program distribution included in your federal AGI .............................._2

 

3 Add lines 1 and 2. Enter here and on Form IT-201, line 30........................................._3

 

Note: Keep this worksheet for future‑year computations of the line 22 worksheet.

 

 

 

 


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Views: 667 Created on: Jun 15, 2013