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Are there income limitations for tax deductions for LA Start Savings Program
Posted on 3/10/18 at 7:04 pm
Posted on 3/10/18 at 7:04 pm
I received a letter today from the LA Department of Revenue and they aren't allowing us to deduct our Start Savings contributions for 2017. Are there income limitations as to whether you can deduct or not? I've never read of any limitations and I'm not sure as to why we can't deduct it.
Posted on 3/10/18 at 8:14 pm to ForeverLSU02
how much did you attempt to deduct?
limits is $2,400 per beneficiary for single and $4,800 per beneficiary for married joint
limits is $2,400 per beneficiary for single and $4,800 per beneficiary for married joint
Posted on 3/10/18 at 8:29 pm to ForeverLSU02
Posted on 3/10/18 at 9:49 pm to macatak911
quote:less than the limits. $2200 I believe
how much did you attempt to deduct?
limits is $2,400 per beneficiary for single and $4,800 per beneficiary for married joint
Posted on 3/11/18 at 8:54 am to ForeverLSU02
I called LDR 2 weeks ago and they said they would forward it to the appropriate department, and I would hear something soon. Nothing yet. Screw them.
Posted on 3/12/18 at 8:36 am to ForeverLSU02
Well that is concerning. I haven't received any kind of letter about it yet I don't think. Also would y'all happen to know when the match is deposited into the 529?
Posted on 3/12/18 at 11:48 am to LSUDbrous90
I used TurboTax, fwiw. Oh, and the match was deposited on Dec 31.
Posted on 3/12/18 at 12:55 pm to Crescent Connection
quote:
I called LDR 2 weeks ago and they said they would forward it to the appropriate department, and I would hear something soon. Nothing yet. Screw them.
I took them about 2 weeks to send me a response. They sent a similar letter to the first one, showing the deduction restored to my original filing. The refund hit my account about a week later.
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