Web2 An individual who files an individual Illinois state income tax return will be able to deduct up to $10,000 per tax year (up to $20,000 for married taxpayers filing a joint Illinois state income tax return) for their total, combined contributions to the Bright Directions Advisor-Guided 529 College Savings Program, Bright Start Direct-Sold ... Web2 An individual who files an individual Illinois state income tax return will be able to deduct up to $10,000 per tax year (up to $20,000 for married taxpayers filing a joint Illinois state income tax return) for their total, combined contributions to the Bright Directions Advisor-Guided 529 College Savings Program, Bright Start Direct-Sold ...
Where is 529 Deduction in Illinois Turbo Tax form? - Intuit
WebFeb 28, 2024 · Bright Start Direct-Sold College Savings Program (Illinois) 5.0. ... Most notably, Illinois residents get a generous state tax deduction of up to $10,000 to $20,000 per year, depending on their ... WebJun 12, 2024 · June 12, 2024 1:08 PM. To enter your Illinois 529 Plan contributions for your son's education in TurboTax, please follow these steps: In your return, select State Taxes tab. Proceed through the state interview section for Illinois, answering all questions on residency and income, until you arrive at a page entitled "Here's the income that ... coaching slovenija
Illinois (IL) 529 College Savings Plans - Saving for …
WebThe Illinois Bright Directions Advisor-Guided 529 College Savings Program, sold through brokers and fee-based financial advisors, features an extensive multi-manager platform offering a large number of age-based, static multi-fund, and individual-fund options. In November 2024, the Bright Start Advisor-Sold College Savings Program combined … WebThis state tax deduction reduces the individuals' adjusted gross income (AGI) by the amount contributed up to $10,000 (or $20,000 for those filing jointly).** **The limit on the state … WebIllinois has a 529 Plan called Bright Start. We break down the best options to college savings in Illinois and what tax benefits you may receive. ... Illinois offers a state tax deduction for contributions to a 529 plan of up to $10,000 for single filers and $20,000 for married filing jointly tax filers. co2 ojeras