Figures last verified against primary sources on . See methodology and corrections.
A $5,000 529 deposit is worth $0 to $1,000 in state tax for 2026, depending on the state
For the 2026 tax year (the return filed in 2027), a single filer earning $65,000 who puts $5,000 into a 529 college savings plan cuts state income tax by between $0 in North Dakota and $1,000 in Indiana. Thirty-seven states and the District of Columbia give something for the deposit, and timing decides whether it lands on the 2026 return: Alabama, Colorado, Idaho and Maryland count only money in by December 31, 2026, while Kansas, Oklahoma, Oregon and Wisconsin allow into April.
A 529 plan is a state-sponsored education savings account governed by 26 U.S.C. §529: withdrawals for qualified education costs leave federal tax-free, and nothing about the deposit is deductible on the federal return (SCDOR IL 24-4). The state break on the way in is the part that varies, and it varies on three axes: how much counts, whose plan counts, and what the state takes back if the money is later spent on something else.
How the figures were run
Every dollar value below is for TaxMath's first persona, P1: single, $65,000 of wages, the standard deduction, no other income. For a state that gives a deduction, the value is P1's 2026 state tax minus the tax on $65,000 less whatever part of the $5,000 the state lets her deduct, from our 2026 rate tables. Local income taxes are left out. For a credit, the value is the credit itself, taken from the state's own rule.
Some states' 2026 tables are still provisional: the state had not published its final 2026 rates or deduction when we last checked. The status column says which. A provisional state's dollar figure can move when the state publishes; its cap and recapture rules, which come from the cited source, do not.
The credits pay more than the deductions
Five states hand back a fixed share of the deposit instead of shrinking taxable income. For P1, that beats any deduction in the country.
| State | 2026 rule | Whose plan | P1's $5,000 |
|---|---|---|---|
| Indiana | 20% of contributions, up to $1,500 a year; $750 married filing separately (Indiana529) | Indiana529 only | $1,000 |
| Minnesota | 50% of net contributions, up to $500 at federal AGI of $98,410 or less, or a subtraction of up to $1,500 ($3,000 joint); one or the other (Schedule M1529) | Any state-sponsored 529 | $500 |
| Vermont | 10% of the first $2,500 per beneficiary, per taxpayer; each spouse on a joint return qualifies (32 V.S.A. §5825a) | Vermont's plan only | $250 |
| Oregon | Refundable; 50% of contributions at AGI between $30,000 and $70,000 (ORS §315.650), capped at $190 ($380 joint) for 2026 (DOR) | Oregon's plan only | $190 |
| Utah | The Utah income tax rate times the contribution, up to an inflation-indexed limit per beneficiary; account owner only, no carryforward (Utah Code §59-10-1017) | my529 only | Not shown |
Minnesota's two options are worth comparing at P1's income. The subtraction would be worth $102 on $1,500, against $500 for the credit, which the schedule itself says "will generally provide a greater benefit" below $98,410 of AGI. The Minnesota credit is nonrefundable, and P1's $2,897 of Minnesota tax covers it.
Oregon's credit is refundable, so a filer who owes Oregon nothing still receives it. Indiana's $1,000 for P1 is 20% of $5,000, well under the $1,500 ceiling, so a second $2,500 deposit would still add $500.
Utah has no figure in the table because we could not confirm the 2026 per-beneficiary limit from the plan administrator. The mechanism is fixed in statute; the dollar cap is the part that indexes each year.
Nine states take any state's plan
In these states the deposit can go to a plan run by another state and still count. That matters for a family that already has an account elsewhere, or that wants a different plan's investment menu.
| State | 2026 cap (single / joint) | P1's $5,000 | 2026 table |
|---|---|---|---|
| Missouri | $8,000 / $16,000 per taxpayer (RSMo §166.435) | $235 | final |
| Pennsylvania | The federal gift exclusion, per beneficiary, per taxpayer (PA DOR); $19,000 for 2026 (Rev. Proc. 2025-32 §.42) | $154 | final |
| Montana | $4,500 / $9,000, indexed after 2025 (MCA 15-30-2120(5), (11)) | $225 on the first $4,500 | final |
| Ohio | $4,000 per beneficiary, any filing status, unlimited carryforward (ORC §5747.70) | $110 | final |
| Kansas | $3,000 / $6,000 per beneficiary (K.S.A. 79-32,117(c)(xv)) | $167 | provisional |
| Arkansas | $3,000 / $6,000 for another state's plan; $5,000 / $10,000 for Arkansas's own (Brighter Future) | $111 elsewhere; $185 at home | provisional |
| Arizona | $2,000 / $4,000 per beneficiary (A.R.S. §43-1022(19)) | $50 | final |
| Maine | $1,000 per beneficiary; none above federal AGI of $100,000 single or $200,000 joint (36 M.R.S. §5122(2)(YY)) | $68 | final |
| Minnesota | See the credits table | $500 | n/a |
Montana's dollar figure covers only the first $4,500, the amount the statute names. Subsection (11) multiplies it by the ratio of the prior June's consumer price index to June 2024's and rounds to the nearest $100; we did not find the Department of Revenue's 2026 figure, so the indexed amount is left out. Montana also limits the deduction to accounts owned by the taxpayer, a spouse, or a child or stepchild who lives in Montana.
Arkansas sits in both camps. Its own Brighter Future plan gets the larger cap and a four-year carryforward of any excess; another state's plan gets $3,000 only if the contribution was not deducted on another state's return.
Twenty-four states and the District reward only their own plan
Everywhere else, the deposit must go to the state's own program, and a rollover out to another state's plan usually triggers the recapture rules further down.
| State | 2026 cap (single / joint) | P1's $5,000 | 2026 table |
|---|---|---|---|
| New Mexico | No dollar cap; limited per beneficiary to the cost of attendance (§7-2-32 NMSA) | $235 | final |
| South Carolina | Up to the plan's maximum allowable contribution (SCDOR IL 24-4) | 5.21% of each dollar | final |
| Colorado | $26,200 per beneficiary / $39,200 per return per beneficiary (CollegeInvest) | $220 | provisional |
| Mississippi | $10,000 / $20,000 (Treasury) | $200 | final |
| Oklahoma | $10,000 / $20,000 (Regents) | $225 | final |
| Illinois | $10,000 / $20,000 across its three programs (Bright Start) | $248 | final |
| Nebraska | $10,000 single, head of household or joint; $5,000 separate (NDOR) | $228 | final |
| New Jersey | $10,000, only at gross income of $200,000 or less (Division of Taxation) | $276 | provisional |
| Idaho | $6,000 / $12,000 (Tax Commission) | $265 | provisional |
| Iowa | $6,100 per beneficiary account, account owners only (Treasurer) | $190 | provisional |
| Wisconsin | $5,280 per beneficiary, single or joint; $2,640 separate (Edvest) | $287 | final |
| Alabama | $5,000 / $10,000 if both spouses contribute (ALDOR) | $250 | provisional |
| Connecticut | $5,000 / $10,000, five-year carryforward (CT-1040 instructions, line 48) | $275 | provisional |
| Michigan | $5,000 / $10,000 (Treasury) | $213 | provisional |
| New York | $5,000 / $10,000 (NY 529) | $270 | final |
| North Dakota | $5,000 / $10,000 (College SAVE) | $0 | final |
| West Virginia | No dollar cap stated; reduces West Virginia AGI dollar for dollar (SMART529) | $222 | final |
| District of Columbia | $4,000 per account owner; each spouse $4,000 for accounts each owns (D.C. Code §47-4509) | $260 | provisional |
| Georgia | $4,000 / $8,000 per beneficiary (Path2College) | $200 | final |
| Virginia | $4,000 per account, carried forward until used; no cap from age 70 (Va. Code §58.1-322.03(7)) | $230 | final |
| Maryland | $2,500 per beneficiary per contributor, 10-year carryforward (Maryland 529) | $119 | provisional |
| Louisiana | $2,400 per account / $4,800 per beneficiary (LDR RIB 06-003; START) | $72 | final |
| Delaware | $1,000 / $2,000; none above federal AGI of $100,000 single or $200,000 joint (30 Del. C. §1106(b)(11)) | $66 | final |
| Massachusetts | $1,000 / $2,000 per filer, not per beneficiary (MEFA) | $50 | provisional |
| Rhode Island | $500 / $1,000 (2026 Schedule M, line 1f) | $19 | final |
North Dakota's zero comes from its rate schedule. P1's North Dakota tax at $65,000 is already $0, so a deduction has nothing to reduce. A North Dakotan who owes tax gets the subtraction's full value at their own rate.
South Carolina shows a rate instead of a dollar figure. Our 2026 South Carolina table phases a deduction out as income rises, and we could not confirm whether a 529 subtraction moves that phase-out. P1's South Carolina taxable income stays in the top bracket either way, so each deducted dollar saves at least 5.21%.
Caps that read "per beneficiary" multiply. Iowa's treasurer gives the example of married owners with two children deducting up to $24,400 for 2026, four times $6,100 (Treasurer). Massachusetts goes the other way: its cap is per filer however many children there are.
California, Hawaii, Kentucky and North Carolina tax wages and give nothing for a 529 deposit, and the nine states without a broad wage income tax have nothing to deduct it from.
The deadline is usually December 31
A deduction for 2026 needs a 2026 contribution, and most plans read that as a calendar-year date. Alabama counts a contribution postmarked on or before December 31 (ALDOR). Idaho's Tax Commission says the contribution must be made on or before December 31 (Tax Commission). Colorado's plan says the same (CollegeInvest), and Maryland 529 tells contributors to allow time for the payment to clear their bank by December 31 (Maryland 529).
Four states we could confirm give more time:
- Kansas lets a contribution made before April 15 count for the prior year, with no extension (Notice 24-03).
- Oklahoma families had until April 15, 2026 to contribute for 2025 (Regents).
- Oregon counts contributions until the return is filed or the due date without extensions, whichever is earlier (DOR).
- Wisconsin took contributions for 2025 through April 15, 2026 (DOR).
Oklahoma's and Wisconsin's dates are the ones their sources give for the 2025 return. For any state not named here, the safe reading is the calendar year: money that arrives in January 2027 counts for 2027.
What the state takes back
Recapture is the price of the deduction. A state that let you subtract the deposit adds it back, or taxes it, when the money leaves the account for something other than qualified education. The trigger list differs more than the caps do.
Add-back of the deducted amount on a nonqualified withdrawal. Arizona (§43-1021(12)), Colorado (CollegeInvest), Idaho (Tax Commission), Illinois (Bright Start), Kansas (Notice 24-03), Michigan (Treasury), Mississippi (Treasury), Ohio (§5747.70(D)(1)), South Carolina (IL 24-4), Utah (TC-40 instructions), Virginia (§58.1-322.03(7)) and West Virginia (SMART529). Arizona and Ohio cap the add-back at what was previously subtracted.
Add-back plus a penalty. Alabama adds the withdrawal back and charges an additional 10% of the amount withdrawn (ALDOR).
A separate tax. Montana imposes a recapture tax at its highest marginal rate on nonqualified withdrawals and on any withdrawal from an account open less than a year (MCA 15-62-208).
Credits repaid. Indiana recaptures credits from the account owner on a rollover to another state's plan, a nonqualified withdrawal or a Roth IRA rollover, and from 2026 on a withdrawal for K-12 costs other than tuition (IB 98). Vermont collects 10% of a distribution not used for approved costs, up to the credits received (§5825a). Oregon's credit is forfeited on nonqualified and K-12 withdrawals (ORS §315.653). Minnesota adds back a share of prior credits and subtractions on Schedule M1529 (Schedule M1529).
Rollovers out count as withdrawals. Moving money to another state's plan triggers recapture in Nebraska (NDOR), New Mexico (§7-2-2 base income), New York (NY 529), Rhode Island (§44-30-12), Massachusetts (MEFA) and the District of Columbia, where any transfer to another state's program is recaptured however long the account has been open (§47-4509).
K-12 withdrawals are not qualified everywhere. Federal law lets a 529 pay elementary and secondary tuition (§529). New York treats that withdrawal as nonqualified and adds it back (TSB-M-18(6)I). Minnesota requires an addition for K-12 and postsecondary credentialing withdrawals (Schedule M1529), and Illinois warns that both may include recapture of the deduction (Bright Start). Delaware denies the deduction up front for money contributed toward K-12 tuition (§1106(b)(11)).
The sources we fetched did not state a recapture rule for Connecticut, Delaware, Georgia, Louisiana, Maine, Maryland, Missouri, New Jersey, North Dakota, Oklahoma or Pennsylvania. Those states may still recapture; each plan's disclosure document states its rule, and it is the place to look before rolling money out.
Reading the tables for a household that is not P1
Three things change the numbers above. A joint return doubles many caps but not all: Nebraska, New Jersey, Ohio and Wisconsin use one figure for single and joint filers, and Colorado's joint cap is $39,200 against $26,200 single. A higher income can switch a break off: Delaware and Maine stop at $100,000 of federal AGI for a single filer, New Jersey at $200,000 of gross income, and Minnesota's $500 credit starts shrinking above $98,410. And a state's tax rate sets the deduction's value: the same $5,000 subtraction is worth $270 to P1 in New York and $154 in Pennsylvania because Pennsylvania's flat rate is 3.07%.
The 529 is one of several accounts that compete for a December deposit. Our Trump Accounts comparison sets it beside the new children's account, and the year-end checklist covers the other moves with the same deadline. For P1 in Idaho, a deposit made on or before December 31 is worth $265 on her 2026 return; made on January 2, it belongs to 2027.
Sources
Ordered by authority — the law and the agencies administering it first. Every link is checked for rot; see all sources.
- Primary lawA.R.S. §43-1021 — additions to Arizona gross incomeArizona State Legislature · checked 2026-10-21Paragraph 12: a nonqualified withdrawal from a §529 plan is added back to the extent of contributions previously subtracted under §43-1022.Other articles citing this source
- Primary lawA.R.S. §43-1022 — subtractions from Arizona gross incomeArizona State Legislature · checked 2026-09-01The 25% subtraction of net long-term capital gain included in federal AGI, for taxable years from 2015, limited to assets acquired after December 31, 2011.Other articles citing this source
- Primary lawD.C. Code §47-4509 — college savings program contributionsCouncil of the District of Columbia · checked 2026-10-21Up to $4,000 a year per account owner (each spouse on a joint return for accounts each owns) for DC College Savings Plan contributions, five-year carryforward; recapture of deducted amounts on a withdrawal or rollover within two years of opening and on any transfer to another state's program.Other articles citing this source
- Primary law30 Del. C. §1106 — modifications to federal adjusted gross incomeDelaware General Assembly · checked 2026-10-21Subsection (b)(11): up to $1,000 contributed to DE529 accounts ($2,000 for spouses filing jointly); no subtraction above federal AGI of $100,000 ($200,000 joint), for rollovers or beneficiary changes, or for K-12 tuition contributions.Other articles citing this source
- Primary lawSenate Bill 360 (2024), enrolledKansas Legislature · checked 2026-10-21K.S.A. 79-32,117(c)(xv) as amended: up to $3,000 ($6,000 married filing jointly) per designated beneficiary contributed to a Kansas account or another state's §529 qualified tuition program.Other articles citing this source
- Primary law36 M.R.S. §5122 — modifications to federal adjusted gross incomeMaine Legislature · checked 2026-10-21Subsection 2, paragraph YY: from 2023, contributions to any §529 qualified tuition program up to $1,000 per designated beneficiary; not allowed above federal AGI of $100,000 (single, separate) or $200,000 (joint, head of household).Other articles citing this source
- Primary lawRSMo §166.435 — Missouri state income tax deduction for contributionsMissouri Revisor of Statutes · checked 2026-10-21Contributions to MOST or any §529 qualified tuition program are subtracted up to $8,000 per taxpayer ($16,000 married filing jointly).Other articles citing this source
- Primary lawMCA 15-30-2120 — adjustments to federal taxable incomeMontana Legislature · checked 2026-10-21Subsection (5)(a): contributions to the Montana family education savings program or another state's qualified tuition program reduce taxable income by the lesser of $4,500 or the contribution ($9,000 joint), for accounts owned by the taxpayer, spouse, or Montana-resident child; subsection (11) indexes the amount for tax years after 2025 to June CPI over June 2024, rounded to $100.Other articles citing this source
- Primary lawMCA 15-62-208 — recapture taxMontana Legislature · checked 2026-10-21A recapture tax at the highest Montana marginal rate on nonqualified withdrawals and on withdrawals from an account open less than a year.Other articles citing this source
- Primary lawHouse Bill 342 (2023), as passedNew Mexico Legislature · checked 2026-10-21Section 7-2-32 NMSA 1978 as amended: a deduction equal to payments into the education trust fund, capped per beneficiary only by the cost of attendance; §7-2-2 base income includes prior deductions transferred to a non-New Mexico qualified tuition program or distributed for nonqualified use.Other articles citing this source
- Primary law26 U.S.C. §529 — Qualified tuition programsOffice of the Law Revision Counsel · checked 2026-09-01Qualified-education distributions excluded from gross income under §529(c)(3)(B); cited for the 529 comparison.Other articles citing this source
- Primary lawOhio Rev. Code §5747.70 — deduction for contributions to qualified tuition programsOhio Legislative Service Commission · checked 2026-10-21Contributions to a §529 qualified tuition program are deducted up to $4,000 per beneficiary per year with unlimited carryforward; division (D)(1) adds back a nonqualified distribution up to amounts previously deducted.Other articles citing this source
- Primary lawORS Chapter 315 — personal income tax credits (§315.650, §315.653)Oregon Legislature · checked 2026-10-21§315.650: refundable credit for Oregon college savings contributions at a percentage set by AGI (50% between $30,000 and $70,000), capped at an inflation-adjusted amount; §315.653: credit forfeited on nonqualified and K-12 withdrawals.Other articles citing this source
- Primary lawR.I. Gen. Laws §44-30-12 — Rhode Island income of a resident individualRhode Island General Assembly · checked 2026-10-21The modification for contributions to the Rhode Island tuition savings program and its recapture: a rollover to a non-Rhode Island plan or a withdrawal not for qualified expenses is added back.Other articles citing this source
- Primary lawUtah Code §59-10-1017 — Utah Educational Savings Plan tax creditUtah State Legislature · checked 2026-10-21A nonrefundable credit for the account owner equal to the §59-10-104(2) income tax rate times the qualified investment, up to an inflation-indexed maximum per beneficiary; no carryforward.Other articles citing this source
- Primary law32 V.S.A. §5825a — credit for Vermont higher education investment plan contributionsVermont General Assembly · checked 2026-10-21A nonrefundable credit of 10% of the first $2,500 contributed per beneficiary per taxpayer (each spouse on a joint return); 10% of a distribution not for approved costs is repaid, up to credits received.Other articles citing this source
- Primary lawVa. Code §58.1-322.03 — Virginia taxable income; deductionsVirginia General Assembly · checked 2026-10-20The standard deduction for a single individual by taxable-year range: $8,750 for 2025 and 2026, $9,200 for 2027, $9,300 for 2028 and 2029, and $3,000 from 2030. Also a $930 deduction for each personal exemption.Other articles citing this source
- GovernmentDoes Alabama income tax law recapture previously deducted contributions when withdrawing money from a CollegeCounts 529 plan for non-qualified expenses?Alabama Department of Revenue · checked 2026-10-21A nonqualified withdrawal of previously deducted contributions is added back to income, with an additional 10% of the amount withdrawn.Other articles citing this source
- GovernmentWhat is the Alabama state income tax deduction for contributions to the CollegeCounts 529 plan?Alabama Department of Revenue · checked 2026-10-21Up to $5,000 per taxpayer ($10,000 on a joint return when both spouses contribute) for CollegeCounts contributions; a contribution postmarked on or before December 31 counts for that year.Other articles citing this source
- GovernmentTax Advantages — Arkansas Brighter Future Direct PlanArkansas Brighter Future Direct Plan (State of Arkansas) · checked 2026-10-21Up to $5,000 per taxpayer ($10,000 for married couples making a proper election) for plan contributions, with a four-year carryforward; up to $3,000 ($6,000) for contributions to another state's plan not deducted on another state's return; nonqualified withdrawals may bring recapture of Arkansas deductions.Other articles citing this source
- GovernmentBright Start 529 — Illinois' 529 College Savings PlanBright Start (Illinois State Treasurer) · checked 2026-10-21Footnote 1: up to $10,000 per individual return ($20,000 joint) for combined Bright Start, Bright Directions and College Illinois! contributions; any deduction previously taken is added back on a nonqualified withdrawal.Other articles citing this source
- GovernmentTax Benefits — College SAVECollege SAVE (Bank of North Dakota) · checked 2026-10-21North Dakota taxpayers may deduct up to $5,000 ($10,000 married couples) of College SAVE contributions from state taxable income.Other articles citing this source
- Government529 Plan Tax AdvantagesCollegeInvest (Colorado Department of Higher Education) · checked 2026-10-21Colorado deduction for CollegeInvest contributions, subject to recapture when a withdrawal is not for qualified expenses.Other articles citing this source
- GovernmentUnderstanding the Colorado 529 Tax DeductionCollegeInvest (Colorado Department of Higher Education) · checked 2026-10-21For tax year 2026: up to $26,200 per taxpayer per beneficiary for a single filer and $39,200 per return per beneficiary for joint filers (2025: $25,400 and $38,100); contributions must be made by December 31.Other articles citing this source
- Government2025 Form CT-1040 InstructionsConnecticut Department of Revenue Services · checked 2026-10-21Table A, Personal Exemptions: $15,000 for a single filer with Connecticut AGI up to $30,000, falling $1,000 per $1,000 of AGI to $0 at $44,000 and above.Other articles citing this source
- GovernmentEdvest 529 frequently asked questions (2026)Edvest (Wisconsin Department of Financial Institutions) · checked 2026-10-21For 2026, Wisconsin taxpayers may deduct up to $5,280 per beneficiary (single or married filing jointly), $2,640 married filing separately.Other articles citing this source
- GovernmentIDeal college savings programIdaho State Tax Commission · checked 2026-10-21Up to $6,000 (single, head of household) or $12,000 (married filing jointly) for IDeal contributions made on or before December 31; amounts withdrawn for nonqualified use are added to Idaho taxable income.Other articles citing this source
- GovernmentIncome Tax Information Bulletin #98 — Indiana 529 Savings Plan CreditIndiana Department of Revenue · checked 2026-10-21Recapture of credits from the account owner on a rollover to another state's plan, a nonqualified withdrawal, a Roth IRA rollover or (from 2026) a withdrawal for K-12 expenses other than tuition.Other articles citing this source
- GovernmentTax Advantages — Indiana529 Direct Savings PlanIndiana529 (Indiana Education Savings Authority) · checked 2026-10-21An Indiana income tax credit of 20% of contributions to an Indiana529 account, up to $1,500 a year ($750 married filing separately).Other articles citing this source
- GovernmentRevenue Procedure 2025-32 — tax year 2026 inflation adjustmentsInternal Revenue Service · checked 2026-10-20The revenue procedure itself: the §1(j)(2) rate tables with their formula rows, the capital-gains thresholds, the child tax credit amount, the §4.14 standard-deduction rows and §63(f) aged/blind additional amounts, and the §2 background listing which OBBBA sections changed each figure.Other articles citing this source
- GovernmentSaving for EducationIowa Treasurer of State · checked 2026-10-21For 2026, an Iowa taxpayer who owns an ISave 529 or IAdvisor 529 account may deduct the first $6,100 contributed per beneficiary account.Other articles citing this source
- GovernmentNotice 24-03 — prior-year subtraction for postsecondary education savings contributionsKansas Department of Revenue · checked 2026-10-21A contribution made before April 15 may be subtracted for the prior tax year (extensions not recognized); K.S.A. 79-32,117(b)(x) requires an addition for nonqualified withdrawals of amounts previously subtracted.Other articles citing this source
- GovernmentRevenue Information Bulletin 06-003 — START program exemption and carryforwardLouisiana Department of Revenue · published 2006-01-03 · checked 2026-10-21Single or separate filers may exempt up to $2,400 per START account; joint filers up to $4,800 per beneficiary (R.S. 47:293(6)(a)(vi)).Other articles citing this source
- GovernmentSTART Saving ProgramLouisiana Office of Student Financial Assistance · checked 2026-10-21START deposits are deductible from Louisiana taxable income up to $2,400 per year per account, with unused amounts carried forward.Other articles citing this source
- GovernmentTax Advantages — Maryland 529Maryland 529 · checked 2026-10-21A Maryland subtraction of up to $2,500 per beneficiary per contributor for Maryland 529 contributions, with a 10-year carryforward; the contribution must clear by December 31.Other articles citing this source
- GovernmentThe Massachusetts college savings tax deductionMEFA · checked 2026-10-21Up to $1,000 single or $2,000 married filing jointly, per filer rather than per beneficiary, for U.Fund and U.Plan deposits; recaptured if withdrawn for other than qualified expenses, death, disability or scholarship.Other articles citing this source
- GovernmentAdditions and SubtractionsMichigan Department of Treasury · checked 2026-10-21Subtraction for MESP (and MiABLE, first-time homebuyer) contributions up to $5,000 single or $10,000 joint; an unqualified MESP withdrawal not included in AGI is an addition.Other articles citing this source
- Government2026 Schedule M1529, Education Savings Account Contribution Credit or SubtractionMinnesota Department of Revenue · checked 2026-10-21Subtraction of net contributions up to $1,500 ($3,000 joint), or a nonrefundable credit of 50% of net contributions up to $500 at federal AGI of $98,410 or less; not both. Any state-sponsored §529 plan qualifies. K-12 and credentialing withdrawals and nonqualified distributions trigger an addition.Other articles citing this source
- GovernmentMississippi Affordable College Savings (MACS)Mississippi State Treasurer · checked 2026-10-21Contributions up to $10,000 (single) or $20,000 (joint) are deductible from Mississippi AGI; on a nonqualified withdrawal the previously deducted contributions are included in the resident recipient's Mississippi gross income.Other articles citing this source
- GovernmentIndividual Income Tax FAQsNebraska Department of Revenue · checked 2026-10-21From January 1, 2014, the maximum deduction for Nebraska Educational Savings Plan Trust contributions is $10,000 (single, head of household, joint) and $5,000 (married filing separately); prior deductions are recaptured on a rollover to another state's plan.Other articles citing this source
- GovernmentCollege Affordability DeductionsNew Jersey Division of Taxation · checked 2026-10-21From tax year 2022, up to $10,000 of contributions to an NJBEST account may be deducted by a taxpayer with gross income of $200,000 or less. Page last updated 03/19/26.Other articles citing this source
- GovernmentTSB-M-18(6)I — New York State decouples from certain personal income tax IRC changes for 2018 and afterNew York State Department of Taxation and Finance · published 2018-12-28 · checked 2026-10-21A withdrawal used for K-12 tuition is a nonqualified withdrawal for New York purposes and is subject to the addition modification.Other articles citing this source
- GovernmentWhy Choose NY 529?NY 529 College Savings Program · checked 2026-10-21New York taxpayers may deduct up to $5,000 a year ($10,000 married filing jointly); deductions may be recaptured on rollovers to another state's plan, nonqualified withdrawals and K-12 tuition withdrawals.Other articles citing this source
- GovernmentOklahoma 529 plan growth echoes value of higher educationOklahoma State Regents for Higher Education · checked 2026-10-21An annual Oklahoma deduction for OCSP contributions of up to $10,000 per taxpayer or $20,000 for joint filers; contributions through April 15, 2026 counted for 2025.Other articles citing this source
- GovernmentOregon personal income tax creditsOregon Department of Revenue · checked 2026-10-21For tax year 2026 the higher education savings plan credit limit is $190 ($380 married filing jointly); contributions count until the return is filed or the due date, whichever is earlier.Other articles citing this source
- GovernmentWays to Save — Path2College 529 PlanPath2College 529 Plan (Georgia Higher Education Savings Plan) · checked 2026-10-21Georgia deduction for Path2College contributions of up to $4,000 per year per beneficiary for individual filers and $8,000 for joint filers; the contributor need not own the account.Other articles citing this source
- GovernmentPA Personal Income Tax Guide — Deductions and CreditsPennsylvania Department of Revenue · checked 2026-10-21Pennsylvania allows a yearly deduction for IRC §529 contributions equal to the annual federal gift tax exclusion (IRC §2503(b)) per beneficiary, per taxpayer.Other articles citing this source
- Government2026 RI Schedule M — Rhode Island modifications to federal AGIRhode Island Division of Taxation · checked 2026-10-21Line 1f: tuition savings program contributions not to exceed $500 ($1,000 joint) under §44-30-12; line 2e: recapture of prior modifications.Other articles citing this source
- GovernmentSMART529 WV Direct College Savings Plan brochureSMART529 (West Virginia State Treasurer's Office) · checked 2026-10-21Contributions reduce West Virginia adjusted gross income dollar for dollar; the deduction is subject to recapture on non-qualified distributions.Other articles citing this source
- GovernmentInformation Letter #24-4 — 529 rollovers to Roth IRAsSouth Carolina Department of Revenue · checked 2026-10-21Under §§12-6-1140(11) and 59-2-80(D), contributions to Future Scholar (including rollovers in) are deductible up to the maximum allowable contribution; §59-2-80(C) recaptures principal of nonqualified withdrawals to the extent previously deducted.Other articles citing this source
- Government2025 Utah TC-40 instructionsUtah State Tax Commission · checked 2026-10-21Code AM (UCA §59-10-1044): 20% of the federal credit, or the Utah W-2 wages if less; requires Utah income reported on a W-2; may not be carried forward or back.Other articles citing this source
- GovernmentCollege Savings Accounts (common questions)Wisconsin Department of Revenue · published 2026-01-07 · checked 2026-10-21Subtraction only for Edvest and Tomorrow's Scholar; 2025 limit $5,130 per beneficiary ($2,560 married filing separately) with 2025 contributions accepted through April 15, 2026; the owner adds back nonqualified distributions up to contributions since 2014.Other articles citing this source