529 Tax Deductions by State [2024]

State Section 529 Deductions - FinAid.org

529 state deductions ; Utah, 5% tax credit on contributions of up to $2,040 single / $4,080 joint beneficiary (maximum credit of $102 single / $204 ) ; Vermont ...

529 plan tax benefits by state - Vanguard

1. State tax benefits. Your home state plan may have financial advantages. · 2. Fees and Fund Costs. Fewer fees and lower costs leave more to invest. · 3 ...

How Much Is Your State's 529 Plan Tax Deduction Really Worth?

But Indiana, Oregon, Utah, and Vermont offer a state income tax credit for 529 plan contributions. Depending on their adjusted gross income, Minnesota taxpayers ...

529 State Tax Benefits in 2024 | Morningstar

State Income Tax Deduction on 529 Contributions · New Mexico, South Carolina, and West Virginia have no deduction limits. · Five states ( ...

529 Tax Deductions by State [2024] - Education Data Initiative

Single filers can deduct up to $2,000 from contributions made to the 529 plan. Joint filers can deduct up to $4,000 from contributions made to ...

529 State Tax Calculator | Schwab 529 Savings Plan

Answer a few simple questions to see whether your state offers a tax benefit for 529 plan contributions and, if so, how much it might be.

Take advantage of your state tax benefits - BlackRock

All data as of 1/1/2024. Please consider such benefits before choosing the plan. 1 Ohio taxpayers may deduct the amount of contributions to a 529 account ...

Tax Deductions for 529 Plans Outside of Your Resident State

Thirty-five states offer a tax deduction or credit to their residents for 529 plan contributions. However, moving your 529 dollars to a different state may ...

529 Contribution Limits 2024: Maximums by State, Gift Tax ...

Each state has a maximum aggregate contribution limit per beneficiary as well as other limits to be aware of. Learn more here.

The state of 529 tax advantages - my529

Account owners who file in one of the nine parity states can claim a state tax deduction on 529 plan contributions they make to any 529 plan within or out of ...

529 Plan Tax Deductions for Every State - SmartAsset

Every state offers at least one 529 plan, but states are not required to offer a tax deduction or other tax breaks for education. That being ...

Tax Advantages | MOST 529

Other tax advantages of the MOST 529 Plan: · State tax deduction for Missouri residents (up to $8,000 per person, or $16,000 if you're married filing jointly) ...

529 Tax Deductions: The Essentials | The Education Plan

There are nine states that offer tax parity. This means that they will allow you to deduct contributions to any state's 529 plan from your state income taxes.

MOST 529 College Savings Plan | dhewd.mo.gov

529 contribution limits 2024 & 2025 - Fidelity Investments

In 2024, individuals can gift up to $18,000 in a single 529 plan without those funds counting against the lifetime gift tax exemption amount. In 2025, you can ...

Increase savings with tax advantages - Scholar's Edge

529 Plan tax benefits by state, as of January 2024 ... Please note, account distributions not used for qualified education expenses will be subject to federal ...

Tax Benefits Explained | ISave 529 Plan - College Savings Iowa

If an Account Owner (saver) is an Iowa taxpayer, they can deduct up to $5,500 in contributions per Beneficiary account from their state income taxes in 2024.

Advisor-Guided 529 plans and New York state tax benefits

3 Arkansas offers larger tax deductions for contributions made to an in-state 529 plan. ... 529 plan tax benefits by state, 2024 (Source: J.P. Morgan Asset ...

Tax strategies for college savings and gifting - Ameriprise Financial

More than 30 states now offer a state income tax deduction or tax credit for 529 plan contributions. However, in most cases you must contribute to your home ...

College Savings Plans Types and Benefits | H&R Block®

... state tax benefits from the contribution. In some cases, assets in a 529 plan may have a negative effect on a student's financial aid. For a distribution to ...