Skip to main content

States That Give Their Residents Tax Incentives to Use Their Own State’s 529 Plan

State Tax Incentive Link to State’s 529 Plan
Alabama Contributions to Alabama’s 529 are deductible up to $5k (single), $10k (MFJ) www.collegecounts.com
Arkansas Contributions to Arkansas’ 529 are deductible up to $5k (single), $10k (MFJ) www.arkansas.529.org
Colorado Any dollars invested in Colorado’s 529 are deductible to the extent of taxable income www.collegeinvest.org
Connecticut Contributions to Connecticut’s 529 are deductible up to $5k (single), $10k (MFJ) www.aboutchet.com
Dist. of Columbia Contributions to DC’s 529 are deductible up to $4k (single), $8k (MFJ) www.dccollegesavings.com
Georgia Contributions of up to $4k per beneficiary (single filers) and up to $8k per beneficiary (MFJ) to Georgia’s 529 are deductible www.path2college529.com
Idaho Contributions to Idaho’s 529 are deductible up to $6k (single), $12k (MFJ) www.idsaves.org
Illinois Contributions to llinois’ 529 are deductible up to $10k (single), $20k (MFJ) www.brightstart.com
Indiana Indiana residents can receive a 20% state income tax credit on up to $5k contributed to the Indiana 529 plan www.collegechoicedirect.com
Kansas Contributions of up to $3k per beneficiary (single filers) and up to $6k per beneficiary (MFJ) to Kansas’ 529 are deductible www.learningquest.com
Louisiana Contributions of up to $2,400 per beneficiary (single filers) and up to $4,800 per beneficiary (MFJ) to Louisiana’s 529 are deductible www.startsaving.la.gov
Maryland Contributions of up to $2,500 per beneficiary Maryland’s 529 are deductible www.maryland529.com
Massachusetts Contributions of up to $1k (single filers) and up to $2k (MFJ) to Massachusett’s 529 are deductible (at least thru 2021 tax yr) www.fidelity.com/529-plans/massachusetts
Michigan Contributions to Michigan’s 529 are deductible up to $5k (single), $10k (MFJ) www.misaves.com
Minnesota Residents can choose whether to invest in another state’s 529 and take a tax deduction of $1,500 (single) or $3,000 (MFJ) orreceive a tax credit of up to $500 for contributions made to Minnesota’s plan subject to an AGI phaseout of $75k www.mnsaves.org
Mississippi Contributions to Mississippi’s 529 are deductible up to $10k (single), $20k (MFJ) www.treasury.ms.gov.collegesavingsmississippi
Nebraska Contributions to Nebraska’s 529 are deductible up to $5k (single), $10k (MFJ) www.nest529direct.com
New Mexico Contributions to NM’s 529 are fully tax deductible www.nmetb.org
New York Contributions to New York’s 529 are deductible up to $5k (single), $10k (MFJ) www.nysaves.org
North Dakota Contributions to North Dakota’s 529 are deductible up to $5k (single), $10k (MFJ) www.collegesave4u.com
Ohio Contributions of up to $4k per child to the Ohio 529 are deductible www.collegeadvantage.com
Oklahoma Contributions to Oklahoma’s 529 are deductible up to $10k (single), $20k (MFJ) www.ok4saving.org
Oregon Contributions of $150 (single) or $300 (MFJ) to Oregon’s 529 receive a tax credit www.oregoncollegesavings.com
Rhode Island Contributions to RI’s 529 are deductible up to $500 (single), $1k (MFJ) www.collegeboundsaver.com
South Carolina All contributions to the SC 529 are tax deductible www.futurescholar.com
Utah Contributions to the Utah 529 of $2,040 (single) and $4,080 (MFJ) are eligible for a 5% state income tax credit www.my529.org
Vermont Contributions to Vermont’s 529 of up to $2,500 (single), $5,000 (MFJ) are eligible for a 10% Vermont income tax credit www.vheip.org
Virginia Contributions to Virginia’s 529 of up to $4k per beneficiary per year are tax deductible www.virginia529.com
West Virginia Contributions to West Virginia’s 529 are fully tax deductible www.smart529.com
Wisconsin Contributions to Wisconsin’s 529 of up to $1,670 (single) and up to $3,340 (MFJ) per beneficiary are fully tax-deductible www.529.wi.gov
Eileen McPeake

Author Eileen McPeake

More posts by Eileen McPeake