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
AZ529, Arizonas Education Savings Plan
Arizona
Arizona follows federal tax-free treatment. Plan Details
Fidelity Arizona College Savings Plan
Arizona
Arizona follows federal tax-free treatment. Enroll Now
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
ScholarShare 529
California
California follows federal tax-free treatment. 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
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
Delaware College Investment Plan
Delaware
Delaware follows federal tax-free treatment. Enroll Now
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
Florida 529 Savings Plan
Florida
Florida does not have a personal income tax. 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. 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. 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. 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
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
Learning Quest 529 Education Savings Program (Direct-sold)
Kansas
Kansas follows federal tax-free treatment. Plan Details
Schwab 529 College Savings Plan
Kansas
Kansas follows federal tax-free treatment. Plan Details
KY Saves 529
Kentucky
Kentucky follows federal tax-free treatment. Enroll Now
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
Maryland 529 -- Maryland Senator Edward J. Kasemeyer College Investment Plan
Maryland
Maryland follows federal tax-free treatment. Plan Details
U.Fund College Investing Plan
Massachusetts
Massachusetts follows federal tax-free treatment. Enroll Now
Michigan Education Savings Program (MESP)
Michigan
Michigan follows federal tax-free treatment. 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
MOST - Missouri's 529 Education 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
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. 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
NJBEST 529 College Savings Plan
New Jersey
New Jersey follows federal tax-free treatment. 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. 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
NC 529 Plan
North Carolina
North Carolina follows federal tax-free treatment. Enroll Now
College SAVE (Direct)
North Dakota
North Dakota follows federal tax-free treatment. Plan Details
Ohio's 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
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
Oregon College Savings Plan
Oregon
Oregon follows federal tax-free treatment. Plan Details
Pennsylvania 529 Investment Plan
Pennsylvania
Pennsylvania follows federal tax-free treatment. Enroll Now
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. Plan Details
Future Scholar 529 College Savings Plan (Direct-sold)
South Carolina
South Carolina follows federal tax-free treatment. Enroll Now
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. Enroll Now
Vermont Higher Education Investment Plan
Vermont
Vermont follows federal tax-free treatment. 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
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
Edvest
Wisconsin
Wisconsin follows federal tax-free treatment. Plan Details
 

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