Contributions to eligible West Virginia SMART529 college savings programs may qualify for a modification reducing federal adjusted gross income on your West Virginia income tax return. Taxpayers who make payments or contributions to qualifying prepaid tuition contracts or college savings plans administered under West Virginia’s SMART529 program may claim the modification in the year the contribution is made, to the extent the amount was not already deducted in computing federal adjusted gross income. Any unused portion of the modification may be carried forward for up to five taxable years, beginning with the tax year in which the contribution was made.

For current information about the program, visit www.smart529.com or contact the SMART529 Service Center.

To enter the SMART529 contributions in TaxAct:

TaxAct Online

1. From within the TaxAct return, navigate to the State tab from the side menu.
2. Click West Virginia under the State tab to access the West Virginia Quick Q&A Topics screen.
3. Click Adjustments to Income and select Contributions to the WV Prepaid Tuition/Savings Plan Trust from the list of possible items.
4. Enter the amount under the appropriate column for Contributions to the WV Prepaid Tuition/Savings Plan Trust.

Desktop

1. From within the TaxAct return, navigate to the Q&A tab via the menu bar at the top of the program.
2. Navigate to the State tab and click Continue.
3. Click Yes to start the State Q&A process.
4. On the page tilted Review and edit your items for West Virginia taxes, select Contributions to the WV Prepaid Tuition/Savings Plan Trust.
5. Enter the amount under the appropriate column for Contributions to the WV Prepaid Tuition/Savings Plan Trust.