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Connecticut 529 plans
Connecticut residents receive outstanding state plan benefits.
Learn about state tax benefits ↓Connecticut residents receive outstanding state plan benefits.
Learn about state tax benefits ↓Featured 529 plans for Connecticut residents:
State tax deduction or credit
Contributions to a Connecticut 529 plan of up to $5,000 per year by an individual, and up to $10,000 per year by a married couple filing jointly, are deductible in computing Connecticut taxable income, with a five-year carryforward of excess contributions. Rollover contributions are not deductible. Contribution deadline is December 31 postmark if by mail, or final business day of the year if by electronic payment.
Which 529 plans does Connecticut offer?
Connecticut offers two Fidelity-managed 529 savings plans available to residents of any state. Connecticut Higher Education Trust (CHET) is a direct-sold program, while the CHET Advisor 529 College Savings Program is offered by financial advisors.
Direct sold 529 plans
"Do-it-yourself" type plans in which the saver enrolls and sets up the initial investment. Fortunately most 529 plans make this simple! You'll pay no sales charges beyond fund and administrative fees.
Our rating
4 / 5
Special award
Advisor sold 529 plans
Plans offered by investment professionals. You'll gain the guidance of a financial advisor, but will incur sales charges and/or fees as you invest.
Our rating
3.5 / 5
ABLE Plans
529 ABLE accounts let Americans with disabilities save tax-deferred for education and other expenses without impacting eligibility for public benefits.
ABLE Plan
The ABLE CT Program is offered through the National ABLE Alliance. The program is created under Connecticut Public Act 15-80 which was passed in 2015 to authorize the establishment of savings accounts empowering individuals with a disability and their families to save private funds to support the individual with a disability and to provide guidelines for the maintenance of such accounts.
A good place to start:
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