Contributions to the West Virginia Prepaid Tuition Trust/West Virginia Savings Plan Trust may be deductible on your West Virginia return.

Taxpayers making payments or contributions to programs of the West Virginia Prepaid Tuition Trust and/or West Virginia Savings Plan Trust, operated under the trade names of SMART529 or West Virginia Prepaid College Plan, may be eligible for a modification reducing the federal adjusted gross income. This deduction can be claimed in the amount and in the year that the contribution is made or the remainder of the reducing modification may be carried forward for a period not to exceed five taxable years beginning in the tax year in which the payment or contribution was made. For more information regarding participation in this program, contact the SMART529TM Service Center at 1-866-574-3542.

To enter the information in your TaxACT return:

1. From within your TaxACT return (Online or Desktop) click on the State Q&A tab, then click West Virginia in the menu bar
2. Click on Income and Adjustments and continue to the 5th screen (the 3rd screen titled West Virginia – Modifications Decreasing Income)
3. Enter the amount under the appropriate column for Contributions to the WV Prepaid Tuition/Savings Plan Trust

Ensure that you only include amounts that are not already allowable as deductions when arriving at your federal adjusted gross income.

Please also note that the Tax Department may request documentation that supports this deduction.