529 PLANS

State tax treatment of rollovers

Plan State tax treatment of rollovers:
CollegeCounts 529 Fund
Alabama
Inbound rollovers are not subject to Alabama tax. The full amount rolled over can be deducted subject to the $5,000 or $10,000 annual maximum. Outbound rollovers are treated as nonqualified withdrawals. Enroll Now
CollegeCounts 529 Fund Advisor Plan
Alabama
Inbound rollovers are not subject to Alabama tax. The full amount rolled over can be deducted subject to the $5,000 or $10,000 annual maximum. Outbound rollovers are treated as nonqualified withdrawals. Plan Details
Enable Savings Plan Alabama
Alabama
The account owner will not be required to include any amount in computing Alabama taxable income as a result of a transfer of amounts from an account owner to the account of a different qualifying account owner, provided that in each case the new account owner is an eligible individual and a member of the family of the replaced account owner and the transfers occur either directly or by deposit to the new account in Enable Alabama (or other ABLE Program sponsored or participated in by the State of Alabama) within 60 days of the withdrawal from the prior account. Plan Details
Prepaid Affordable College Tuition (PACT) Program
Alabama
Inbound rollovers are not subject to Alabama tax. The full amount rolled over can be deducted subject to the $5,000 or $10,000 annual maximum. Outbound rollovers are treated as nonqualified withdrawals. Plan Details
Alaska ABLE Plan
Alaska
Not applicable. Alaska does not have a personal income tax. Plan Details
Arizona Family College Savings Program
Arizona
Arizona follows federal tax-free treatment. Enroll Now
AZ ABLE
Arizona
There is no Arizona state income tax on rollovers, or program-to-program transfers, to the extent such transactions are exempt from U.S. federal income taxation under Section 529A. Plan Details
Fidelity Arizona College Savings Plan
Arizona
Arizona follows federal tax-free treatment. Enroll Now
Ivy InvestEd 529 Plan
Arizona
Arizona follows federal tax-free treatment. Plan Details
GIFT College Investing Plan
Arkansas
Arkansas follows federal tax-free treatment for rollovers except that outbound rollovers are subject to the recapture of prior state tax deductions. Inbound rollover contributions from another state's plan are deductible in the amount of $7,500 per individual and $15,000 per couple. Plan Details
iShares 529 Plan
Arkansas
Arkansas follows federal tax-free treatment for rollovers except that outbound rollovers are subject to the recapture of prior state tax deductions. Rollover contributions from another state's plan are deductible in the amount of $7,500 per individual and $15,000 per couple. Plan Details
ScholarShare 529
California
California follows federal tax-free treatment. Plan Details
Colorado ABLE
Colorado
Colorado follows federal tax-free treatment of rollovers, though tax-free rollovers are restricted to once per 12-month period. Plan Details
Direct Portfolio College Savings Plan
Colorado
Colorado follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Enroll Now
Scholars Choice College Savings Program
Colorado
Colorado follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Plan Details
Smart Choice College Savings Plan
Colorado
Colorado follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Plan Details
Stable Value Plus College Savings Program
Colorado
Colorado follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Plan Details
Connecticut Higher Education Trust (CHET)
Connecticut
Connecticut follows federal tax-free treatment. Plan Details
Connecticut Higher Education Trust (CHET) -- Advisor Plan
Connecticut
Connecticut follows federal tax-free treatment. Plan Details
Delaware College Investment Plan
Delaware
Delaware follows federal tax-free treatment. Enroll Now
DC ABLE
District of Columbia
The account owner will not be required to include any amount in computing D.C. taxable income as a result of a transfer of amounts from an account owner to the account of a different qualifying account owner, provided that in each case the new account owner is an eligible individual and a member of the family of the replaced account owner and the transfers occur either directly or by deposit to the new account in DC ABLE within 60 days of the withdrawal from the prior account. Plan Details
DC College Savings Plan
District of Columbia
District of Columbia follows federal tax-free treatment except that outbound rollovers within two years of establishing the account are subject to the recapture of prior D.C. tax deductions. Enroll Now
ABLE United
Florida
Not applicable. Florida does not have a personal income tax. Plan Details
Florida 529 Savings Plan
Florida
Florida does not have a personal income tax. Enroll Now
Florida Prepaid College Plan
Florida
Florida does not have a personal income tax. Note: program materials indicate that this plan does not accept rollovers from another 529 plan. Plan Details
Georgia STABLE
Georgia
There is no Georgia state income tax on rollovers, or program-to-program transfers, to the extent such transactions are exempt from U.S. federal income taxation under Section 529A. Plan Details
Path2College 529 Plan
Georgia
Georgia follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Enroll Now
Hawaii's College Savings Program
Hawaii
Hawaii follows federal tax-free treatment. Enroll Now
Idaho College Savings Program (IDeal)
Idaho
Outbound rollovers by Idaho taxpayers must be included in Idaho taxable income to the extent of contributions made during the 12 months prior to the rollover, effective January 1, 2008. Enroll Now
Bright Directions Advisor-Guided 529 College Savings Program
Illinois
Illinois follows federal tax-free treatment except that, beginning in 2007, outbound rollovers are subject to the recapture of prior state tax deductions. Plan Details
Bright Start Direct-Sold College Savings Program
Illinois
Illinois follows federal tax-free treatment except that, beginning in 2007, outbound rollovers are subject to the recapture of prior state tax deductions. Enroll Now
College Illinois! 529 Prepaid Tuition Program
Illinois
Illinois follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Plan Details
Illinois ABLE
Illinois
Illinois follows federal tax-free treatment of rollovers, though tax-free rollovers are restricted to once per 12-month period. Plan Details
CollegeChoice 529 Direct Savings Plan
Indiana
Indiana follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax credits. Enroll Now
CollegeChoice Advisor 529 Savings Plan
Indiana
Indiana follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax credits. Plan Details
CollegeChoice CD 529 Savings Plan
Indiana
Indiana follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax credits. Enroll Now
INvestABLE Indiana
Indiana
Indiana follows federal tax-free treatment of rollovers, though tax-free rollovers are restricted to once per 12-month period. Plan Details
College Savings Iowa
Iowa
Iowa follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Enroll Now
IAble Plan
Iowa
Iowa follows federal tax-free treatment of rollovers, though tax-free rollovers are restricted to once per 12-month period. Plan Details
IAdvisor 529 Plan
Iowa
Iowa follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Plan Details
Kansas ABLE Savings Plan
Kansas
Kansas follows federal tax-free treatment of rollovers, though tax-free rollovers are restricted to once per 12-month period. Plan Details
Learning Quest 529 Education Savings Program (Direct-sold)
Kansas
Kansas follows federal tax-free treatment. Plan Details
Learning Quest Advisor
Kansas
Kansas follows federal tax-free treatment. Plan Details
Schwab 529 College Savings Plan
Kansas
Kansas follows federal tax-free treatment. Plan Details
Kentucky Education Savings Plan Trust
Kentucky
Kentucky follows federal tax-free treatment. The intent of the Kentucky statutes that govern the Kentucky Education Savings Plan Trust is to conform with the IRS 529 tax code. The recent federal tax reform law, the "Tax Cuts and Jobs Act" signed into law on December 22, 2017, made changes to the IRS 529 tax code which will require that the Kentucky Higher Education Assistance Authority (KHEAA) change specific statutory provisions to maintain this conformity. Among other changes, the tax reform law expands the use of 529 savings accounts to include tuition costs for K-12 education, up to $10,000/year. This will apply prospectively only for costs incurred in or after 2018. Rules and definitions for this change are still being determined on the federal level. KHEAA's 529 plan will continue to conform with the IRS tax code, and we will make any needed changes once the specific provisions are determined. Plan Details
Kentucky's Affordable Prepaid Tuition (KAPT)
Kentucky
Kentucky follows federal tax-free treatment. Plan Details
STABLE Kentucky
Kentucky
Kentucky follows federal tax-free treatment, though tax-free rollovers are restricted to once per 12-month period. Plan Details
LA ABLE
Louisiana
Louisiana follows federal tax-free treatment, though tax-free rollovers are restricted to once per 12-month period. Plan Details
START Saving Program
Louisiana
Louisiana follows federal tax-free treatment. Plan Details
NextGen 529 -- Client Direct Series
Maine
Maine follows federal tax-free treatment. Enroll Now
NextGen 529 -- Client Select Series
Maine
Maine follows federal tax-free treatment. Plan Details
Maryland 529 -- College Investment Plan
Maryland
Maryland follows federal tax-free treatment. Enroll Now
Maryland 529 -- Prepaid College Trust
Maryland
Maryland follows federal tax-free treatment. Plan Details
Maryland ABLE
Maryland
No portion of a rollover or a program-to-program transfer is includable in the gross income of the beneficiary for purposes of federal and Maryland state income taxes, or is subject to the additional 10% federal tax imposed on the earnings portion of certain non-qualified withdrawals. Plan Details
Attainable Savings Plan
Massachusetts
Massachusetts follows federal tax-free treatment. Plan Details
U.Fund College Investing Plan
Massachusetts
Massachusetts follows federal tax-free treatment. Enroll Now
U.Plan Prepaid Tuition Program
Massachusetts
Not applicable. Because U.Plan is not a 529 plan, rollovers into U.Plan are not eligible for federal or state tax-free treatment. Plan Details
MI 529 Advisor Plan
Michigan
Michigan follows federal tax-free treatment. Plan Details
MiABLE
Michigan
Michigan follows federal tax-free treatment. Plan Details
Michigan Education Savings Program (MESP)
Michigan
Michigan follows federal tax-free treatment. Plan Details
Michigan Education Trust
Michigan
Michigan follows federal tax-free treatment. Plan Details
Minnesota ABLE Plan
Minnesota
Minnesota follows federal tax-free treatment of rollovers, though tax-free rollovers are restricted to once per 12-month period. Plan Details
Minnesota College Savings Plan
Minnesota
Minnesota follows federal tax-free treatment. Plan Details
Mississippi Affordable College Savings (MACS) Program
Mississippi
Mississippi follows federal tax-free treatment. Plan Details
Mississippi Prepaid Affordable College Tuition (MPACT) Program
Mississippi
Mississippi follows federal tax-free treatment. Plan Details
MO ABLE
Missouri
Missouri follows federal tax-free treatment of rollovers, though tax-free rollovers are restricted to once per 12-month period. Plan Details
MOST - Missouri's 529 Savings Plan (Direct-sold)
Missouri
Missouri follows federal tax-free treatment for rollovers. Enroll Now
Achieve Montana
Montana
Montana follows tax-free treatment for rollovers into a Montana 529 plan. Montana tax treatment of rollovers out of a Montana 529 plan is unclear, as Montana law may require that the rollover be treated as a nonqualified withdrawal. Plan Details
Montana Family Education Savings Program -- Bank Plan
Montana
Montana follows tax-free treatment for rollovers into a Montana 529 plan. Montana tax treatment of rollovers out of a Montana 529 plan is unclear, as Montana law may require that the rollover be treated as a nonqualified withdrawal. Plan Details
Enable Savings Plan
Nebraska
Nebraska follows federal tax-free treatment, though tax-free rollovers are restricted to once per 12-month period. Enroll Now
Nebraska Education Savings Trust -- Advisor College Savings Plan
Nebraska
Nebraska follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Plan Details
Nebraska Education Savings Trust -- Direct College Savings Plan
Nebraska
Nebraska follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Enroll Now
State Farm College Savings Plan
Nebraska
Nebraska follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Plan Details
TD Ameritrade 529 College Savings Plan
Nebraska
Nebraska follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Plan Details
ABLE Nevada
Nevada
Not applicable. Nevada does not have a personal income tax. Plan Details
STABLE New Hampshire
New Hampshire
New Hampshire does not have a state income tax. Plan Details
Franklin Templeton 529 College Savings Plan
New Jersey
New Jersey follows federal tax-free treatment. Plan Details
NJBEST 529 College Savings Plan
New Jersey
New Jersey follows federal tax-free treatment. Plan Details
ABLE New Mexico
New Mexico
New Mexico follows federal income tax laws with respect to Distributions, Rollovers, and Program-to-Program Transfers. Plan Details
Scholar's Edge
New Mexico
New Mexico follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Enroll Now
The Education Plan's College Savings Program
New Mexico
New Mexico follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Enroll Now
New York's 529 Advisor-Guided College Savings Plan
New York
New York follows tax-free treatment for rollovers except that, according to a New York State Dept. of Taxation and Finance interpretation, a rollover out of a New York 529 plan is treated as a nonqualified withdrawal. A direct trustee-to-trustee rollover between two New York 529 accounts is not treated as a nonqualified withdrawal for this purpose. Plan Details
New York's 529 College Savings Program -- Direct Plan
New York
New York follows tax-free treatment for rollovers except that, according to a New York State Dept. of Taxation and Finance interpretation, a rollover out of a New York 529 plan is treated as a nonqualified withdrawal. A direct trustee-to-trustee rollover between two New York 529 accounts is not treated as a nonqualified withdrawal for this purpose. Enroll Now
NY ABLE
New York
New York follows federal tax-free treatment of rollovers, though tax-free rollovers are restricted to once per 12-month period. Plan Details
National College Savings Program
North Carolina
North Carolina follows federal tax-free treatment. Enroll Now
The NC ABLE Program
North Carolina
North Carolina follows federal tax-free treatment, though tax-free rollovers are restricted to once per 12-month period. Plan Details
College SAVE (Advisor)
North Dakota
North Dakota follows federal tax-free treatment. Plan Details
College SAVE (Direct)
North Dakota
North Dakota follows federal tax-free treatment. Enroll Now
BlackRock CollegeAdvantage Advisor 529 Savings Plan
Ohio
Ohio follows federal tax-free treatment except that outbound rollovers appear subject to the recapture of prior state tax deductions. Plan Details
CollegeAdvantage Guaranteed 529 Savings Plan
Ohio
Ohio follows federal tax-free treatment except that outbound rollovers appear subject to the recapture of prior state tax deductions. Plan Details
Ohios 529 Plan, CollegeAdvantage
Ohio
Ohio follows federal tax-free treatment except that outbound rollovers appear subject to the recapture of prior state tax deductions. Enroll Now
STABLE Account
Ohio
Ohio follows federal tax-free treatment, though tax-free rollovers are restricted to once per 12-month period. Plan Details
Oklahoma College Savings Plan
Oklahoma
Oklahoma follows federal tax-free treatment except that outbound rollovers made within 12 months of the date of contribution are subject to the recapture of prior state tax deductions. Plan Details
Oklahoma Dream 529 Plan
Oklahoma
Oklahoma follows federal tax-free treatment except that outbound rollovers made within 12 months of the date of contribution are subject to the recapture of prior state tax deductions. Plan Details
Oklahoma STABLE
Oklahoma
There is no Oklahoma state income tax on qualified withdrawals, rollovers for program-to-program transfers. Plan Details
ABLEforAll
Oregon
No portion of a rollover or a program-to-program transfer may be included in the gross income of the beneficiary for purposes of federal and Oregon state income taxes, or is subject to the additional 10% federal tax imposed on the earnings portion of certain non-qualified withdrawals. Plan Details
MFS 529 Savings Plan
Oregon
Oregon follows federal tax-free treatment. Plan Details
Oregon ABLE Savings Plan
Oregon
No portion of a rollover or a program-to-program transfer may be included in the gross income of the beneficiary for purposes of federal and Oregon state income taxes, or is subject to the additional 10% federal tax imposed on the earnings portion of certain non-qualified withdrawals. Plan Details
Oregon College Savings Plan
Oregon
Oregon follows federal tax-free treatment. Plan Details
PA ABLE
Pennsylvania
When withdrawn, earnings are exempt from Pennsylvania income tax if they are used for rollovers into another state's ABLE plan or transfers to another PA ABLE account. Plan Details
Pennsylvania 529 Guaranteed Savings Plan
Pennsylvania
Pennsylvania follows federal tax-free treatment. Plan Details
Pennsylvania 529 Investment Plan
Pennsylvania
Pennsylvania follows federal tax-free treatment. Plan Details
CollegeBound 529 (Advisor-sold)
Rhode Island
Rhode Island follows federal tax-free treatment except that, in the two taxable years following the year of deduction, outbound rollovers are subject to the recapture of prior state tax deductions. Plan Details
CollegeBound Saver (Direct-sold)
Rhode Island
Rhode Island follows federal tax-free treatment except that, in the two taxable years following the year of deduction, outbound rollovers are subject to the recapture of prior state tax deductions. Enroll Now
RI's ABLE
Rhode Island
Rhode Island follows federal tax-free treatment, though tax-free rollovers are restricted to once per 12-month period Plan Details
Future Scholar 529 College Savings Plan (Advisor-sold)
South Carolina
South Carolina follows federal tax-free treatment. Plan Details
Future Scholar 529 College Savings Plan (Direct-sold)
South Carolina
South Carolina follows federal tax-free treatment. Enroll Now
SC ABLE Savings Program
South Carolina
There is no South Carolina state income tax on Rollovers. Plan Details
South Carolina Tuition Prepayment Program
South Carolina
South Carolina follows federal tax-free treatment. Plan Details
ABLE TN
Tennessee
TN follows federal tax-free treatment, though tax-free rollovers are restricted to once per 12-month period Plan Details
Texas ABLE
Texas
N/A; Texas does not impose a state income tax on individuals. Plan Details
my529
Utah
Utah follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions or tax credits. Plan Details
Vermont ABLE
Vermont
Vermont follows federal tax-free treatment. Plan Details
Vermont Higher Education Investment Plan
Vermont
Vermont follows federal tax-free treatment. Plan Details
ABLEAmerica
Virginia
Virginia accepts a rollover or transfer from another ABLE program to ABLEAmerica. If rolling over or transferring funds from another ABLE Program, the ABLEAmerica beneficiary must be the same beneficiary or an eligible individual who is a memberof the family of the previous beneficiary. A rollover from another ABLE Program for the same beneficiary can only be made once every 12 months. Virginia will accept a rollover or transfer from a qualified tuition program to ABLEAmerica. Plan Details
ABLEnow
Virginia
No portion of a rollover may be included in the gross income of the account owner or is subject to the additional 10% federal tax imposed on the earnings portion of certain non-qualified withdrawals. Enroll Now
CollegeAmerica
Virginia
Virginia follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Plan Details
Invest529
Virginia
Virginia follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Enroll Now
Prepaid529
Virginia
Virginia follows federal tax-free treatment except that outbound rollovers are subject to the recapture of prior state tax deductions. Plan Details
SMART529 Prepaid Tuition Plan
West Virginia
West Virginia follows federal tax-free treatment. Plan Details
SMART529 Select
West Virginia
West Virginia follows federal tax-free treatment. Plan Details
SMART529 WV Direct College Savings Plan
West Virginia
West Virginia follows federal tax-free treatment. Plan Details
The Hartford SMART529
West Virginia
West Virginia follows federal tax-free treatment. Plan Details
WV ABLE
West Virginia
There is no West Virginia state income tax on rollovers to the extent such transactions are exempt from U. S. federal income taxation under Section 529A. Plan Details
Edvest
Wisconsin
Wisconsin follows federal tax-free treatment. Plan Details
Tomorrow's Scholar 529 Plan
Wisconsin
Wisconsin follows federal tax-free treatment. Plan Details
WY ABLE
Wyoming
N/A Plan Details
 

Reset email successfully sent.
Please check your inbox.

Close

Advertisement


close