529 Tax Benefits by State

Visualize 529 tax incentives per state with this interactive map.

Tax Map

Hover over each state to view the tax benefits per state.

I Individual
J Joint

Tax parity state

Tax neutral state

In-state tax benefit

Program home state

Maximum Annual State Income Benefit

I Individual
J Joint
Reset
State Benefit Type Tax Benefit K-12 Tuition as a Qualified Expense
Alabama other
I

$5,000

J

$10,000

Yes
Alaska neutral
This state offers no tax deduction for 529 plans
No
Arizona taxParity
I

$2,000

J

$4,000

Yes
Arkansas other
I

$5,000

J

$10,000

Yes
California neutral
This state offers no tax deduction for 529 plans
No
Colorado other

Full contribution amount, to the extent of the contributor's Colorado taxable income

Pending
Connecticut other
I

$5,000

J

$10,000

Pending
Delaware neutral
This state offers no tax deduction for 529 plans
Yes
District of Columbia other
I

$4,000

J

$8,000

Yes
Florida neutral
This state offers no tax deduction for 529 plans
Yes
Georgia other
I

$2,000

J

$4,000

Yes
Hawaii neutral
This state offers no tax deduction for 529 plans
No
Idaho other
I

$6,000

J

$12,000

Yes
Illinois other
I

$10,000

J

$20,000

Pending
Indiana other

20% tax credit on contributions up to $5,000; maximum yearly credit is $1,000

Yes
Iowa other
I

$3,239

J

$6,478

Yes
Kansas taxParity
I

$3,000

J

$6,000

Yes
Kentucky neutral
This state offers no tax deduction for 529 plans
Yes
Louisiana other
I

$2,400

J

$4,800

Pending
Maine neutral
This state offers no tax deduction for 529 plans
Pending
Maryland other
I

$2,500

J

$5,000

Yes
Massachusetts other
I

$1,000

J

$2,000

Yes
Michigan other
I

$5,000

J

$10,000

No
Minnesota neutral
This state offers no tax deduction for 529 plans
Pending
Mississippi other
I

$10,000

J

$20,000

Yes
Missouri taxParity
I

$8,000

J

$16,000

Yes
Montana taxParity
I

$3,000

J

$6,000

No
Nebraska other
I

$10,000

J

$5,000 if married, filing separately

Pending
Nevada neutral
This state offers no tax deduction for 529 plans
Pending
New Hampshire neutral
This state offers no tax deduction for 529 plans
Yes
New Jersey neutral
This state offers no tax deduction for 529 plans
No
New Mexico other

Full contribution amount

Yes
New York other
I

$5,000

J

$10,000

No
North Carolina neutral
This state offers no tax deduction for 529 plans
Yes
North Dakota other
I

$5,000

J

$10,000

Yes
Ohio other
J I

$4,000

Yes
Oklahoma other
I

$10,000

J

$20,000

Yes
Oregon other
I

$2,330

J

$4,660

No
Pennsylvania taxParity
I

$14,000

J

$28,000

Yes
Rhode Island inState
I

$500

J

$1,000

Yes
South Carolina other

Full contribution amount

Yes
South Dakota neutral
This state offers no tax deduction for 529 plans
Yes
Tennessee neutral
This state offers no tax deduction for 529 plans
Yes
Texas neutral
This state offers no tax deduction for 529 plans
Yes
Utah other
I

5% tax credit on contributions up to $1,920; maximum credit is $96

J

5% tax credit on contributions up to $3,840; maximum credit is $192

Yes
Vermont other
I

10% tax credit on contributions up to $2,500; maximum credit is $250

J

5% tax credit on contributions up to $5,000; maximum credit is $500

No
Virginia other
J I

$4,000; fully deductible if 70 or older

Yes
Washington neutral
This state offers no tax deduction for 529 plans
Yes
West Virginia other

Full contribution amount

Yes
Wisconsin other
J I

$3,100

Yes
Wyoming neutral
This state offers no tax deduction for 529 plans
Yes

Data is as of July 2018. The deductibility of 529 plan contributions varies by state and is subject to legislative change without notice. You should consult your tax advisor regarding your specific tax situation.

None of the State of Rhode Island, its agencies, Invesco Distributors, Inc., Ascensus College Savings Recordkeeping Services, LLC, nor any of their applicable affiliates, provide legal or tax advice. This information is provided for general educational purposes only and is not to be considered legal or tax advice. Investors should consult with their legal or tax advisors for personalized assistance, including information regarding any specific state law requirements.

State tax deductions may be subject to recapture on non-qualified withdrawals and/or outbound rollovers in subsequent years. Review the applicable plan disclosure statements. Married couples may need to make their own contributions and/or to their own separate accounts in certain states. Contributions may be reduced by qualified withdrawals during the year for purposes of determining the amount that may be deducted in certain states. Contributions by a spouse may only be deductible if a joint return is filed in certain states. Spouses filing jointly may each need to have income generated up to the amount of the contribution made to claim the maximum (per beneficiary) deduction in certain states. Contributions to an account established after a beneficiary reaches a certain age may not be eligible for a deduction or credit. Contributions made by the account owner, a non-account owner who files a joint return with the account owner, or another non-account owner may be treated differently among the states regarding eligibility for deductions or credits and whom can apply it to their tax return. The deductibility of 529 plan contributions varies by state and is subject to legislative change. You should consult your tax advisor regarding your specific tax situation.

Rhode Island taxpayers who are account owners and contribute to a CollegeBound 529 account are eligible for a deduction in computing state income tax for contributions made to CollegeBound 529 of up to $1,000 for married couples filing jointly and $500 for individual filers. Subject to certain conditions and requirements, contributions in excess of the annual limit can be carried forward and deducted in future years. If a participant makes a non-qualified withdrawal or certain transfers/rollovers to another state's program, the amount of the deduction may be "recaptured" and included in the account owner's Rhode Island income. Check with your tax advisor to see how 529 plans are treated for income tax purposes.