A modification decreasing federal adjusted gross income may be claimed for contributions made to Rhode Islands tuition savings program 529 plan. The maximum modification shall not exceed $500, $1,000 if a joint return, regardless of the number of accounts. Taxpayers should claim the modification below. If the funds are rolled over to a Tuition Savings Plan of another state or are an unqualified withdrawal, recapture is required.

Taxpayers may also take a modification decreasing federal adjusted gross income in the amount of any qualified withdrawal or distribution from the Tuition Saving Program which is included in federal adjusted gross income. Taxpayers should claim the modification below.

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