Compare 529 Plans by Features

Plan

Program match on contributions

State tax deduction or credit for contributions

Website

None.

Contributions, including rollover contributions, to an Alabama 529 plan of up to $5,000 per year by an individual, and up to $10,000 per year by married taxpayers filing jointly who each make their own contributions, are deductible in computing Alabama taxable income.

None, however the state offers a tuition-value guarantee for University of Alaska students invested in the University of Alaska Portfolio.

Dash to Save Incentive Program: A program designed to encourage new account holder/beneficiary relationships in the Alaska 529 education savings plan. The first 5,000 Alaska 529 account relationships established between January 1 and December 31, 2022 with a minimum investment of $25 will qualify for a $250 incentive.

Dash to Save More Incentive Program: A program designed to encourage certain contribution methods to new and existing Alaska 529 qualifying Account relationships. Qualifying Account Holder/Beneficiary relationships will receive up to $100 for certain recurring contributions between July and December of the calendar year.

Not applicable. Alaska does not have a personal income tax.

None.

529 contributions are not deductible from federal taxes; state income tax treatment varies. For residents of one of the following states, contributions to the T. Rowe Price College Savings Plan may be deductible from state income taxes: Arizona, Arkansas, Kansas, Maine, Minnesota, Missouri, Montana, Ohio and Pennsylvania. This list is subject to change. Check with your state or with a tax professional for additional details and to determine what documentation, if any, is required when filing.

None.

Contributions to Arizona AND non-Arizona 529 plans of up to $2,000 per year per beneficiary by an individual, and up to $4,000 per year per beneficiary by a married couple filing jointly, are deductible in computing Arizona taxable income. The original sunset date of December 31, 2012 has been removed, thus making the deduction permanent.

None.

Contributions to Arizona AND non-Arizona 529 plans of up to $2,000 per year per beneficiary by an individual, and up to $4,000 per year per beneficiary by a married couple filing jointly, are deductible in computing Arizona taxable income. The original sunset date of December 31, 2012 has been removed, thus making the deduction permanent.

The Aspiring Scholars Matching Grant Program program was discontinued as of January 1, 2017 and is no longer available to new account owners. Beginning in 2008, the program provided matching grants of up to $500 annually to eligible Arkansas families, based on household income level. Account owners with matching grant accounts may continue to access matching grant funds for qualified withdrawals until the funds have been exhausted.

Contributions to an Arkansas 529 plan of up to $2,270 per year by an individual, and up to $4,540 per year by a married couple filing jointly, are deductible in computing Arkansas taxable income, with a four-year carryforward of excess contributions. Contributions to a NON-Arkansas plan of up to $3,000 per year by an individual, and up to $6,000 per year by a married couple filing jointly, are deductible. Rollover contributions from another state's plan are deductible in the amount of $7,500 per individual and $15,000 per couple. Employers are allowed a $500 deduction per employee for 529 matches into Arkansas plans. Contribution deadline is December 31, and state must receive it by a specified date following December 31.

The Matching Grant Program provides a dollar-for-dollar match of up to $500 in contributions for lower- to middle-income Colorado residents to accounts with an eligible beneficiary (a dependent under age 13 at the time of initial application). Applications are accepted each year between October 3 and December 29, 2023. The match can extend for a maximum five years. Matching grants for future years are subject to continued funding by the sponsor. In addition, First Step, a kickstarter savings program gives every child born or adopted in the State of Colorado, beginning on January 1, 2020, a $100 contribution to their CollegeInvest 529 college savings account. Offering more opportunities for Colorado families to save for college, CollegeInvest will also match a portion of their future contributions, up to $500 per year for five (5) consecutive years.

For income tax year commencing on January 1, 2024, the Colorado income tax deduction otherwise available for contributions to any Colorado 529 plan or any 529 plan affiliated with an educational institution in Colorado shall not exceed $22,700 per taxpayer per beneficiary for a taxpayer who files a single return, or $34,000 per taxpayer per beneficiary for taxpayers who file a joint return. For income tax years commencing on or after January 1, 2025, the deduction limits described in the preceding sentence will be adjusted annually by the percentage change in the combined average annual costs of tuition and room and board for all Colorado institutions of higher education as determined by the Colorado Department of Education.

The Working Families College Savings Act offers a Colorado tax credit for employers who make contributions to CollegeInvest savings plans owned by their employees. The available tax credit is 20% of the amount contributed to a CollegeInvest 529 account, up to $500 per employee (for a $2,500 employer contribution).

The Matching Grant Program provides a dollar-for-dollar match of up to $500 in contributions for lower- to middle-income Colorado residents to accounts with an eligible beneficiary (a dependent under age 13 at the time of initial application). Applications are accepted each year between October 3 and December 29, 2023. The match can extend for a maximum five years. Matching grants for future years are subject to continued funding by the sponsor. In addition, First Step, a kickstarter savings program gives every child born or adopted in the State of Colorado, beginning on January 1, 2020, a $100 contribution to their CollegeInvest 529 college savings account. Offering more opportunities for Colorado families to save for college, CollegeInvest will also match a portion of their future contributions, up to $500 per year for five (5) consecutive years.

For income tax year commencing on January 1, 2024, the Colorado income tax deduction otherwise available for contributions to any Colorado 529 plan or any 529 plan affiliated with an educational institution in Colorado shall not exceed $22,700 per taxpayer per beneficiary for a taxpayer who files a single return, or $34,000 per taxpayer per beneficiary for taxpayers who file a joint return. For income tax years commencing on or after January 1, 2025, the deduction limits described in the preceding sentence will be adjusted annually by the percentage change in the combined average annual costs of tuition and room and board for all Colorado institutions of higher education as determined by the Colorado Department of Education.

The Working Families College Savings Act offers a Colorado tax credit for employers who make contributions to CollegeInvest savings plans owned by their employees. The available tax credit is 20% of the amount contributed to a CollegeInvest 529 account, up to $500 per employee (for a $2,500 employer contribution).

The Matching Grant Program provides a dollar-for-dollar match of up to $500 in contributions for lower- to middle-income Colorado residents to accounts with an eligible beneficiary (a dependent under age 13 at the time of initial application). Applications are accepted each year between October 3 and December 29, 2023. The match can extend for a maximum five years. Matching grants for future years are subject to continued funding by the sponsor. In addition, First Step, a kickstarter savings program gives every child born or adopted in the State of Colorado, beginning on January 1, 2020, a $100 contribution to their CollegeInvest 529 college savings account. Offering more opportunities for Colorado families to save for college, CollegeInvest will also match a portion of their future contributions, up to $500 per year for five (5) consecutive years.

For income tax year commencing on January 1, 2024, the Colorado income tax deduction otherwise available for contributions to any Colorado 529 plan or any 529 plan affiliated with an educational institution in Colorado shall not exceed $22,700 per taxpayer per beneficiary for a taxpayer who files a single return, or $34,000 per taxpayer per beneficiary for taxpayers who file a joint return. For income tax years commencing on or after January 1, 2025, the deduction limits described in the preceding sentence will be adjusted annually by the percentage change in the combined average annual costs of tuition and room and board for all Colorado institutions of higher education as determined by the Colorado Department of Education.

The Working Families College Savings Act offers a Colorado tax credit for employers who make contributions to CollegeInvest savings plans owned by their employees. The available tax credit is 20% of the amount contributed to a CollegeInvest 529 account, up to $500 per employee (for a $2,500 employer contribution).

The CHET Baby Scholars program provides a one-time $100 contribution to families that open a 529 college savings account by an eligible child's first birthday or within the first year after an adoption. A beneficiary is eligible for only one $100 contribution regardless of the number of CHET 529 accounts opened.

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.

None., The First Steps Program provides for a one-time $100.00 contribution to a DE529 Plan account registered in the name of an individual as participant and opened between July 1, 2022 and December 31, 2022 for an eligible beneficiary. The First Steps Program has the following eligibility requirements: (i) the beneficiary of the applicable DE529 account must be five years of age or younger at the time of account opening, (ii) the beneficiary of the applicable DE529 account must be a Delaware resident at the time the applicable DE529 account is opened, and (iii) a minimum contribution of at least $100.00 must be made to the DE529 account by the participant at the time of account opening. The First Steps Program shall remain in effect July 1, 2022 through December 31, 2022 and may be extended or discontinued at any time without notice. Contributions during this period will be deposited into eligible DE529 accounts in or around January 2023.

Effective 1/1/23, contributions to a DE529 Education Savings Plan of up to $1,000 per year for those filing a single return and $2,000 per year for those filing a joint return are deductible in computing Delaware taxable income. The deduction will not apply to individuals with a federal adjusted gross income greater than $100,000 (or $200,000 for joint returns). Deductions for couples with an AGI below $200,000 are capped at $2,000.The deduction does not apply to tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school.

DC College Savings Plan

District of Columbia

None.

Contributions to the DC College Savings Plan of up to $4,000 per year by an individual, and up to $8,000 per year by married taxpayers who each make contributions to their own account, are deductible in computing District of Columbia taxable income, with a five-year carryforward of excess contributions. Only contributions made by the account owner are deductible. Rollover contributions are not deductible. Contribution deadline is December 31 postmark.

None.

Not applicable. Florida does not have a personal income tax.

None.

Contributions to the Georgia 529 plan of up to $4,000 per beneficiary per year for those filing a single return and $8,000 per year per beneficiary for those filing a joint return are deductible in computing Georgia taxable income. Incoming rollovers from other 529 plans do not qualify as contributions eligible for the state income tax deduction. Contribution deadline is April 15 of the following year.

None.

Contributions to the Idaho 529 plan of up to $6,000 per year by an individual, and up to $12,000 per year by a married couple filing jointly, are deductible in computing Idaho taxable income.

Idaho employers who make direct contributions to their employees' IDeal accounts benefit from a 20% state tax credit. The credit is capped at $500 per employee, per year.

Illinois will automatically deposit a $50 seed deposit into a 529 college savings account for every child born or adopted in the state beginning in 2023.

Contributions to an Illinois 529 plan of up to $10,000 per year by an individual, and up to $20,000 per year by a married couple filing jointly, are deductible in computing Illinois taxable income. For a rollover contribution, only the principal portion is eligible for the deduction. Contribution deadline is December 31 postmark. For tax years ending on or before December 31, 2024, employers may claim a credit against Illinois tax for 25% of matching contributions made to an employee's account in an Illinois 529 plan, with a maximum annual credit of $500 per employee. Unused credits may be carried forward for five years.

None.

Indiana taxpayers are eligible for a state income tax credit of 20% of contributions to an Indiana 529 Plan, up to $1,500 credit per year ($750 for married couples filing separately). Effective January 1, 2024, rollover contributions and contributions generated through a rewards program are not eligible for the credit. Effective January 1, 2023, the definition of an Indiana taxpayer was revised to include married individuals filing separately. The maximum annual credit allowed for a married taxpayer filing separately is $750. Indiana residents may elect to treat contributions made through the deadline (excluding extensions) for filing an individual Indiana state income tax return (generally April 15) as having been made in the prior year in order to claim the allowable annual credit on their Indiana state tax return for the prior year. Contributions default to the current contribution year; if you wish to have a contribution made before Tax Day count toward the prior calendar year, include a letter with a mailed check or contact the plan administrator to make the request.

None.

Indiana taxpayers are eligible for a state income tax credit of 20% of contributions to an Indiana 529 Plan, up to $1,500 credit per year ($750 for married couples filing separately). Effective January 1, 2024, rollover contributions and contributions generated through a rewards program are not eligible for the credit. Effective January 1, 2023, the definition of an Indiana taxpayer was revised to include married individuals filing separately. The maximum annual credit allowed for a married taxpayer filing separately is $750. Indiana residents may elect to treat contributions made through the deadline (excluding extensions) for filing an individual Indiana state income tax return (generally April 15) as having been made in the prior year in order to claim the allowable annual credit on their Indiana state tax return for the prior year. Contributions default to the current contribution year; if you wish to have a contribution made before Tax Day count toward the prior calendar year, include a letter with a mailed check or contact the plan administrator to make the request.

None.

Contributions to an Iowa 529 plan of up to $5,500 for 2024 per beneficiary by an individual, and up to $11,000 per beneficiary by married taxpayers filing jointly who each make their own contributions, are deductible in computing Iowa taxable income. The maximum deduction increases each year with inflation. Only contributions made by the account owner are deductible. Contribution deadline is December 31 postmark. Iowa residents may elect to treat contributions made through the deadline (excluding extensions) for filing an individual Iowa state income tax return (generally April 30) as having been made in the prior year in order to claim the allowable annual deduction on their Iowa state tax return for the prior year.

The Kansas Investments Developing Scholars (K.I.D.S.) Matching Grant Program was developed for Kansas residents with incomes less than 200% of the federal poverty level. The State of Kansas will match the first $600 that Account Owners contribute to a Learning Quest Advisor account for each beneficiary eligible year of eligibility. Applications are limited to 1200 per year and are processed on a first-come first-served basis. Applications and contributions must be received by December 31 each year.

Contributions to Kansas AND non-Kansas state-sponsored 529 plans of up to $3,000 per beneficiary per year by an individual, and up to $6,000 per beneficiary per year by a married couple filing jointly, are deductible in computing Kansas taxable income. Rollover contributions are not deductible. Contribution deadline is December 31.

None.

Contributions to Kansas AND non-Kansas state-sponsored 529 plans of up to $3,000 per beneficiary per year by an individual, and up to $6,000 per beneficiary per year by a married couple filing jointly, are deductible in computing Kansas taxable income. Rollover contributions are not deductible. Contribution deadline is December 31.

The state provides an earnings enhancement equal to 2% to 14% (depending on income) of a Louisiana participant's contributions when the account is used for qualifying expenses.

Contributions to the Louisiana 529 plan of up to $2,400 per beneficiary per year by an individual taxpayer, and up to $4,800 per beneficiary per year by a married couple filing jointly, are deductible in computing Louisiana taxable income. Any unused cap amount with an active account may be carried forward to increase the cap in subsequent tax years. Double deductions of up to $4,800 per year may be claimed for an account opened for an eligible needy, non-related beneficiary. Contribution deadline is December 31.

Contributions to START K12 accounts ARE NOT deductible in computing Louisiana taxable income.

New Maine accounts may be eligible for a $100 Initial Matching Grant when the account is opened and funded with at least $25 before the last business day of the current calendar year. (One grant per eligible beneficiary, no income limitations) Separately, if a beneficiary is eligible for the $500 Alfond Grant, the initial contribution is waived when a NextGen account is opened. New accounts opened in the current calendar year and funded with $25 before the child's first birthday may also be eligible for the $100 Initial Matching Grant. The NextStep Matching Grant provides a 30% match on contributions up to a $300 grant per year (one grant per beneficiary, no income limitations) A $100 Automated Funding Grant is available for accounts that make six consecutive contributions, no less frequently than quarterly, through an automated funding option (one grant per beneficiary, no income limitations). Grants for Maine residents may be used on behalf of the beneficiary at an eligible institution of higher education only. Grants may lose value.

Individuals who file individual Maine state income returns will be able to deduct up to $1,000 per Designated Beneficiary per tax year for their total, combined contributions to any Section 529 Program during the tax year, for taxable years beginning on or after January 1, 2023. The deduction is not available to taxpayers with federal adjusted gross income over $100,000 (single or married filing separately) or $200,000 (married filing jointly or head of household).

The Save4College State Contribution Program is designed to help lower to middle-income families in Maryland save money for higher education. Individuals who open a Maryland College Investment Plan Account may be eligible to receive a $250 or $500 contribution from the state. The application period opens January 1. All applicants must submit their application for the Save4College State Contribution Program by 11:59 pm on May 31. Maryland 529 or the Maryland General Assembly may make changes to the State Contribution Program in the future that impact the contribution amounts, minimum requirements, or other eligibility requirements.

*State contributions are not guaranteed. The state funding for contributions is limited each fiscal year. As with the entire state budget, the Maryland General Assembly has final approval. If resources are insufficient to fully fund all eligible accounts, Maryland 529 shall provide contributions in the order in which applications are received in good order and give priority to applications of account holders who did not receive a state contribution in any prior year. Account holders who receive a State Contribution Program contribution in a given year are not eligible for the $2,500 deduction for any of their College Investment Plan Accounts that year. Individuals should check with a tax professional regarding their specific situation.

Contributions to the Maryland 529 -- College Investment Plan of up to $2,500 per beneficiary per year by an individual, and up to $5,000 per beneficiary per year by married taxpayers filing jointly are deductible in computing Maryland taxable income, with a 10-year carryforward of excess contributions. Account owners and contributors are eligible for the deduction. Rollover contributions are deductible if not previously deducted. Contribution deadline is December 31 postmark.

BabySteps MA (formerly known as SeedMA Baby) is an expansion of the SeedMA initiative started in 2016. Beginning in January 2020, every baby born to or adopted by a Massachusetts resident is eligible for a free $50 seed deposit into a U.Fund 529 college savings account.

Effective January 1, 2017, contributions to Massachusetts 529 plans of up to $1,000 per year by an individual, and up to $2,000 per year by a married couple filing jointly, are deductible in computing Massachusetts taxable income.

Michigan matching grants based on MESP contributions were discontinued for the 2009-2010 year. In prior years, a Michigan resident with adjusted gross income of $80,000 or less and a beneficiary under seven years old could apply for a one-time matching grant of $1 for every $3 contributed, up to a maximum $200 grant.

Contributions to a Michigan 529 savings 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 Michigan taxable income. Contributions must be reduced by qualified withdrawals during the year for purposes of determining the amount that may be deducted. Rollover contributions are not deductible, according to the Michigan Department of Treasury. Contribution deadline is December 31.

Minnesota no longer offers a matching grant. For years prior to 2011, a 15% or 10% matching grant of up to $400 per year was available to Minnesota residents, subject to income limitations.

Minnesota taxpayers may claim either a tax deduction or a tax credit depending on their income, for contributions to ANY state's 529 plan. A $1,500 tax deduction ($3,000 for a married couple filing jointly) can be claimed against Minnesota income tax. Alternatively, a tax credit equal to 50% of the contributions to accounts, reduced by any withdrawals, may be claimed with a maximum credit amount of up to $500, subject to a phase-out schedule, depending on the taxpayer's federal adjusted gross income. The income thresholds used to determine the maximum credit amount are adjusted annually for inflation.

None.

Contributions to a Mississippi 529 savings plan of up to $10,000 per year by an individual, and up to $20,000 per year by a married couple filing jointly, are deductible in computing Mississippi taxable income. Contribution deadline is April 15 of the following year.

The MOST Matching Grant Program has been discontinued.

Contributions to Missouri AND non-Missouri 529 plans of up to $8,000 per year by an individual, and up to $16,000 per year by a married couple filing jointly, are deductible in computing Missouri taxable income. Rollover contributions are not deductible. Contribution deadline is December 31 postmark.

None.

Contributions to Montana AND non-Montana 529 plans of up to $3,000 per year by an individual, and up to $6,000 per year by a married couple filing jointly, are deductible in computing Montana taxable income. Only contributions made by the account owner, the account owner's spouse, or the account owner's custodian/parent are deductible. Contribution deadline is December 31.

The Meadowlark Savings Pledge provides eligible Nebraska newborns with a NEST savings account for education expenses. Any baby born on or after January 1, 2020, who is a resident of Nebraska at the time of birth is eligible to receive a Meadowlark seed contribution of $50. Babies are enrolled in the program in the spring following their year of birth.

Contributions by an account owner who files a Nebraska state income tax return, including the principal and earnings portions of rollovers from another qualified college savings plan not issued by the State of Nebraska, are deductible in computing the account owner's Nebraska taxable income for Nebraska income tax purposes in an amount not to exceed $10,000 ($5,000 for married taxpayers filing separate returns) in the aggregate for all contributions to all accounts within the Trust in any taxable year. Contributions by a custodian of an UGMA or UTMA account who is also the parent or guardian of the Beneficiary of an UGMA or UTMA account may claim this deduction. Contribution deadline is December 31 postmark.

The Meadowlark Savings Pledge provides eligible Nebraska newborns with a NEST savings account for education expenses. Any baby born on or after January 1, 2020, who is a resident of Nebraska at the time of birth is eligible to receive a Meadowlark seed contribution of $50. Babies are enrolled in the program in the spring following their year of birth.

Contributions by an account owner who files a Nebraska state income tax return, including the principal and earnings portions of rollovers from another qualified college savings plan not issued by the State of Nebraska, are deductible in computing the account owner's Nebraska taxable income for Nebraska income tax purposes in an amount not to exceed $10,000 ($5,000 for married taxpayers filing separate returns) in the aggregate for all contributions to all accounts within the Trust in any taxable year. Contributions by a custodian of an UGMA or UTMA account who is also the parent or guardian of the Beneficiary of an UGMA or UTMA account may claim this deduction. Contribution deadline is December 31 postmark.

None.

Not applicable. Nevada does not have a personal income tax.

Nevada employers who make a matching contribution to employees participating in a Nevada 529 college savings plan are eligible for a 25% tax credit on matched contributions up to $500 per employee per year.

The USAA Distinguished Valor Matching Grant Program matches up to a lifetime maximum of $1,500 of contributions to this 529 plan with an annual maximum match of $300. The account owner or the beneficiary must be a Nevada resident at the time the grant application is submitted. Grant applicants may apply under two categories: 1) the account owner must serve currently on active duty in the U. S. military and have an adjusted gross household income of less than $95,000, and the beneficiary must be a child of the Account Owner and be under the age of 13, or 2) the account owner or the account owner's spouse must be the recipient of a Purple Heart in either Operation Enduring Freedom or Iraqi Freedom (service beginning October 7, 2001 and ending August 31, 2010), and the beneficiary must be a child or the spouse of the Purple Heart recipient.

Not applicable. Nevada does not have a personal income tax.

Nevada employers who make a matching contribution to employees participating in a Nevada 529 college savings plan are eligible for a 25% tax credit on matched contributions up to $500 per employee per year.

www.vcm.com/529

None.

Not applicable. New Hampshire does not have a personal income tax.

For accounts opened by a New Jersey resident on or after June 29, 2021, the New Jersey Higher Education Student Assistance Authority provides a one-time grant of up to $750 in a dollar-for-dollar match of the account owner's initial deposit into the account, subject to income and program participation requirements. Visit HESAA.com for terms and conditions and how to apply. This program is subject to available funding.

New Jersey beneficiaries are also eligible for a one-time scholarship of up to $3,000 for one semester at any New Jersey college or university subject to minimum participation and contribution requirements.

New Jersey taxpayers, with gross income of $200,000 or less, may qualify for a state income tax deduction for contributions into an NJBEST plan of up to $10,000 per taxpayer, per year, beginning with contributions made in tax year 2022.

None.

Contributions to a New Mexico 529 plan are fully deductible in computing New Mexico taxable income.

None.

Contributions to a New York 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 New York taxable income. Only contributions made by the account owner, or if filing jointly, by the account owner's spouse, are deductible. Contribution deadline is December 31 postmark.

NC 529 Plan

North Carolina

None.

None.

The BND Match Program provides a one-time match of contributions up to $300 per beneficiary for North Dakota participants and active duty military families with incomes below $80,000 (single) or $120,000 (joint). Contributions within 12 months of the account opening are eligible for the match. The beneficiary must be 15 years of age or younger. For participants with incomes below $60,000 (single) or $80,000 (joint), the match is available for an additional two years.

New Baby Match provides a North Dakota resident child 12 months or younger to be considered for a grant in the amount of $200. New Baby Match participants must enroll in CollegeSAVE and contribute $200 prior to the child's first birthday to qualify for the match.

Kindergarten Kickoff Match is a grant program that allows North Dakota children 5 or 6 years of age to be considered for a dollar for dollar match amount of up to $100. There are no family income restrictions.

Contributions to the North Dakota 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 North Dakota taxable income. Contribution deadline is December 31. Contributions may be used for K-12 Tuition Expenses without tax consequences.

None.

Contributions, including rollover contributions, to an Ohio and non-Ohio 529 plans of up to $4,000 per beneficiary per year (any filing status) are deductible in computing Ohio taxable income, with an unlimited carryforward of excess contributions. Contribution deadline is December 30.

Oklahoma 529

Oklahoma

None.

Contributions to an Oklahoma 529 plan, including rollover contributions, of up to $10,000 per year by an individual, and up to $20,000 per year by a married couple filing jointly, are deductible in computing Oklahoma taxable income, with a five-year carryforward of excess contributions. Contribution deadline is April 15 of the following year.

The Oregon Baby Grad Program will provide a one-time contribution of $25 to families that open an Oregon College Savings Plan account by their child's first birthday. The child must be an Oregon resident. Under the Kinder Grad incentive program, when an Oregon College Savings Plan account is opened for an Oregon kindergartener who doesn't already have an account, $25 will automatically be deposited to the account within three months. The Oregon Scholars program allows the Oregon College Savings Plan to partner with state colleges and universities to offer incentives to Oregonians saving for education. Partnering universities reward savings by offering additional cost savings when attending their schools.

Oregon taxpayers are eligible to receive a state tax credit for contributions to accounts of up to $150 ($300 if filing jointly). The amount the taxpayer must contribute to get the full credit increases based on the taxpayer's income. The tax credit provides the same maximum credit to all Oregonians who are saving for college, community college, trade school, or any other post-secondary education.

The tax credit went into effect on January 1, 2020, replacing the state income tax deduction. The deduction was allowed for contributions to an Oregon 529 plan of up to $2,435 by an individual, and up to $4,865 by a married couple filing jointly in computing Oregon taxable income, with a four-year carry forward of excess contributions. For account owners taking advantage or planning to take advantage of the carry forward, this option remains available for contributions made through December 31, 2019. Account owners are able to carry forward the unused subtraction over the following four years. The new tax credit would be in addition to any carried forward deductions.

None., The Pennsylvania Treasury Department invests $100 for every child born in the Commonwealth via the Keystone Scholars program. Parents have until a child's first birthday to claim the $100 Keystone Baby Scholars investment by registering online or calling 1-800-440-4000.

Contributions to Pennsylvania AND non-Pennsylvania 529 plans of up to the gift-tax annual exclusion amount ($18,000 in 2024) per beneficiary are deductible in computing Pennsylvania taxable income. Spouses filing jointly must each have at least $18,000 in income to claim the maximum $36,000 per-beneficiary deduction. Rollovers from another 529 plan or from qualified U.S. savings bonds are not eligible for the deduction.

Children born to or adopted by Rhode Island families are eligible for a $100 "CollegeBoundbaby" grant to be used for qualified expenses if the request is received by the Treasurer within one (1) year of their birth or adoption. As of June 30, 2022, CollegeBoundbaby will no longer accept applications for children born or adopted before July 1, 2021.

CollegeBound Starter is designed to help Rhode Island families get an early start at saving for their child's education. Starting July 1, 2021, every Rhode Island resident child born or adopted in Rhode Island is eligible to receive a one-time contribution of $100 to an account. An account is required to be open to deposit the contribution, but the account owner is not required to contribute any additional monies into the account to receive the contribution. Although multiple accounts may be established for a beneficiary, only one contribution may be awarded to each eligible child.

Contributions to the Rhode Island 529 plan of up to $500 per year by an individual, and up to $1,000 per year by married taxpayers filing jointly are deductible in computing Rhode Island taxable income, with an unlimited carry forward of excess contributions. Rollovers from another 529 plan are not deductible. Contribution deadline is December 31.

None.

Contributions, including rollover contributions, to a South Carolina 529 plan are fully deductible in computing South Carolina taxable income. Contribution deadline: April 15 of the following year.

None.

Not applicable. South Dakota does not have a personal income tax.

Under the Tennessee Investments Preparing Scholars Program (TIPS), eligible families can receive a matching contribution of $100 for a minimum $25 investment, or $500 for a minimum $125 investment. Beneficiaries can receive a maximum match of $500 per year with a $1,500 lifetime maximum benefit per beneficiary.

Not applicable. Tennessee does not have a personal income tax.

None.

Not applicable. Texas does not have a personal income tax.

my529

Utah

None

Contributions to the Utah 529 plan of up to $2,410 in 2024 per beneficiary by an individual, and up to $4,820 in 2024 per beneficiary by a married couple filing jointly, are eligible for a 4.65% credit against Utah income tax. The maximum credit in 2024 is $109.66 per beneficiary for single taxpayers and $219.31 per beneficiary for joint filers. The credit limits are increased each year for inflation, but not decreased for deflation. Contributions to an account established after a beneficiary reaches age 19 are not eligible. Contributions from a non-owner are creditable by the account owner and not by the non-owner/contributor. Contribution deadline is receipt by December 31 for online processing; December 31, or the last working day of the year, for manual processing. Utah-based corporations can claim a Utah state income tax deduction for contributions up to $2,410 per qualified beneficiary.

None.

Contributions to the Vermont 529 plan of up to $2,500 per beneficiary per year by an individual, and up to $5,000 per beneficiary per year if the contributors are married and file a joint tax return, are eligible for a 10% Vermont income tax credit (up to $250 per beneficiary per individual taxpayer or $500 per beneficiary for married taxpayers filing jointly). Taxpayers may claim the credit for contributions to a VHEIP account they own or for gift contributions to a VHEIP account owned by someone else. The principal portion of a rollover from another 529 plan is eligible for the credit, provided the funds remain in the account for the remainder of the taxable year. Contribution deadline is December 31.

Invest529

Virginia

None.

Contributions to a Virginia 529 plan of up to $4,000 per account per year are deductible in computing Virginia taxable income, with an unlimited carryforward of excess contributions. Contributions are fully deductible in the year of contribution for taxpayers at least 70 years of age. Contributions from a non-owner are deductible by the account owner and not by the non-owner/contributor. Contribution deadline is receipt (not postmark date) by the last business day of the year based on agency calendar.

None

Not applicable. Washington does not have a personal income tax.

SMART529 Select

West Virginia

The SMART529 Bright Babies Program (effective 8/1/15) provides a one-time incentive contribution in the amount of $100 per designated beneficiary born or adopted on or after 1/1/15. The designated beneficiary must be a resident of West Virginia and the account must be opened within one year of the birth/adoption date.

The SMART529 Matching Grant Program (discontinued for new applications as of 8/31/15) provides matching grants to eligible West Virginia families in an amount up to $500 per designated beneficiary per year, up to a lifetime maximum of $2,500 per designated beneficiary, with a dollar for dollar match.

Contributions to West Virginia's 529 plans are fully deductible in computing West Virginia taxable income.

The SMART529 Bright Babies Program (effective 8/1/15) provides a one-time incentive contribution in the amount of $100 per designated beneficiary born or adopted on or after 1/1/15. The designated beneficiary must be a resident of West Virginia and the account must be opened within one year of the birth/adoption date.

The SMART529 Matching Grant Program (discontinued for new applications as of 8/31/15) provides matching grants to eligible West Virginia families in an amount up to $500 per designated beneficiary per year, up to a lifetime maximum of $2,500 per designated beneficiary, with a dollar for dollar match.

Contributions to West Virginia's 529 plans are fully deductible in computing West Virginia taxable income.

Edvest 529

Wisconsin

None.

Contributions to a Wisconsin 529 plan of up to $3,860 per beneficiary per year (any filing status) are deductible in computing Wisconsin taxable income. The maximum annual deductible will be increased annually to reflect inflation. Contributions in excess of the maximum annual limit may be carried forward to one or more future years and deducted up to the then annual maximum deductible amount each year until all amounts invested have been deducted from Wisconsin taxable income. Incoming rollovers from other states' 529 plans are accepted. Beginning with the 2015 tax year, the portion that is principal or contributions may qualify for reducing Wisconsin taxable income, including carry-forward for subsequent years; the portion attributed to growth is not eligible. Amounts that received an earlier Wisconsin reduction are not eligible. Contributors do not need to be the account owner to claim the deduction. Any Wisconsin taxpayer may claim a deduction for contributions to any account. Contribution deadline is April 15 of the year following the tax year. Parents no longer need to claim their child as a dependent in order to claim the deduction; however, the maximum deduction is reduced to $1,930 for a parent who is married and filing separately or who is divorced, unless the divorce judgment specified a different division of the $3,860 combined maximum.

Effective January 1, 2018, employers may receive a tax credit equal to 25% of the total contributions that the employer makes to a Wisconsin Trust account for its employee up to a maximum amount across all accounts that is equal to 25% of the maximum contribution amount that an individual contributor may deduct per tax year. (25% credit for 25% of maximum contribution allowed employee).