Form PA-40 Schedule P Refund Donations to Pennsylvania 529 College and Career Savings Program Accounts - Pennsylvania

What Is Form PA-40 Schedule P?

This is a legal form that was released by the Pennsylvania Department of Revenue - a government authority operating within Pennsylvania.The document is a supplement to Form PA-40, Pennsylvania Income Tax Return. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form PA-40 Schedule P?
A: Form PA-40 Schedule P is a supplementary form to the PA-40 Pennsylvania Personal Income Tax Return.

Q: What is the purpose of Form PA-40 Schedule P?
A: Form PA-40 Schedule P is used to report donations made to the Pennsylvania 529 College and Career Savings Program Accounts.

Q: What are Pennsylvania 529 College and Career Savings Program Accounts?
A: Pennsylvania 529 College and Career Savings Program Accounts are tax-advantaged savings accounts designed to help families save for higher education expenses.

Q: Who can claim a deduction on Form PA-40 Schedule P?
A: Any taxpayer who has made a donation to a Pennsylvania 529 College and Career Savings Program Account can claim a deduction on Form PA-40 Schedule P.

Q: What is the maximum deduction allowed on Form PA-40 Schedule P?
A: The maximum deduction allowed on Form PA-40 Schedule P is $15,000 per taxpayer or $30,000 per married couple filing jointly.

Q: What documents do I need to complete Form PA-40 Schedule P?
A: You will need your PA-40 Pennsylvania Personal Income Tax Return and any documents or receipts related to your donations to Pennsylvania 529 College and Career Savings Program Accounts.