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David M.Green Bookkeeping and Tax Service

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PENNSYLVANIANS CAN NOW SEND STATE TAX REFUNDS DIRECTLY TO A PA 529 COLLEGE SAVINGS ACCOUNT

Posted on January 26, 2017 at 4:22 PM
PA Treasurer Joe Torsella announced that, for the first time, Pennsylvanians can deposit their state income tax refund directly into an existing, tax-exempt Pennsylvania 529 College Savings Program account. With the new option, all or a portion of a refund can be sent to one or multiple accounts. The process is simple. When completing your PA-40, Personal Income Tax Return, enter code H and the amount in the donation section between lines 32-36. Additionally, submit a PA-Schedule P with your return when donating to one or more Pennsylvania 529 College Savings Program accounts.

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