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Happy New Year. Someone wants to superfund a NYS 529 who
For LaneHi Lane,Happy New Year. Someone wants to superfund a NYS 529 who lives and works in NYS. Up to 10K can be deducted on NYS retirn. Question is whether the super funding which is spread over 5 y… read more
Lane
Lane
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I lived in nyc in 2018 until July 25 th. Can I write off my
I lived in nyc in 2018 until July 25 th . Can I write off my 529 contributions ( I no longer work or live in n6 ) … read more
Lev
Lev
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NY 529 allows deduction for up to 10k contribution for
NY 529 allows deduction for up to 10k contribution for married couple filing jointly. Does this apply to couples with single income from NY? Thanks.… read more
Rick
Rick
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A couple is filing their 2017 PA-40 personal income tax
A couple is filing their 2017 PA-40 personal income tax return. They had their first child in 2017. The father sets up a 529 account titled in his name fbo the child. The father contributes 14k into t… read more
Chad EA, CDFA®, CFP®
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If you are a non resident of NY but work in NY can you
If you are a non resident of NY but work in NY can you deduct contributions to a NYS sponsered 529 plan on the non resident NYS return? Please send some documentation to support your answer. Thanks.… read more
Lev
Lev
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A couple who reside in Maryland would like to establish two
A couple who reside in Maryland would like to establish two "529" accounts to fund their two daughter's education. How much can they contribute & is this tax deductible on either their Federal or Mary… read more
jgordosea
jgordosea
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New York State requires married couple to file the same as
New York State requires married couple to file the same as they did Federal but federal allows one to file an itemized return and one to file using standard deduction NY State indicates that if a marr… read more
R. Klein, EA
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Owed $5,000 of DC state taxes but also contributed $6,900 (split
Owed $5,000 of DC state taxes but also contributed $6,900 (split between my wife and I) to DC college savings plan all in 2012 under married filing jointly DC state tax filing. DC College Savings Plan… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I have a NYS State 529 account for each of my grandsons. Is
I have a NYS State 529 account for each of my grandsons. Is there any tax benefit to me to make a contribution to each of them before years end????… read more
Lane
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JD, MBA, CFP, CRPS
Doctoral Degree
18,246 satisfied customers
If a complex trust opens a 529 savings plan for the benefit
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Lev
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Tax question: for married filing jointly I understand each
Tax question: for married filing jointly I understand each person can contribute USD 5000 to an IRA and that hence total income can be reduced by USD10,000. What happens if the couple file separate in… read more
winktax
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I want to make an unqualified distribution of my NY 529 plan.
I want to make an unqualified distribution of my NY 529 plan. I want to understand how the recapture principle works. For example $75,000. in fund contributed over 10 years averaging between $8,000 -1… read more
jgordosea
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I live in NY, pay NY non-resident State income tax. Would like
I live in NY, pay NY non-resident State income tax. Would like to contribute to NY state 529 colege savings plan. a) Can I take deduction on NY non-resident State return. b) For withdrawls on educatio… read more
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I cashed E Bond, I am claiming the interest as income
I cashed E Bond, I am claiming the interest as income as required. I put the money from cashing the bond into two $5000.00 retirement account CDs. One in my husbands name and one in my name. Can I tak… read more
Christopher Phelps
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I need to know some tax saving options and investment ...
I need to know some tax saving options and investment options. Im a head of a family witha working wife and a child to come… read more
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If I open a new york state 529 account and pay this years ...
If I open a new york state 529 account and pay this years tutition will i be eligable as a married couple filing joint return to use the $10,000.00 tax credit?… read more
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Hi I am attending school part-time and planning to pay
Hi: I am attending school part-time and planning to pay for school tuition fees by taking a loan against my company-sponsored 401K plan. I was wondering if there are any addtional state income tax adv… read more
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Can I contribute to both a 401k (pre-tax) and an IRA
Can I contribute to both a 401k (pre-tax) and an IRA after tax every year? Optional Information: New York, New York… read more
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