Hover over each state to view the tax benefits per state.
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Tax parity state
In-state tax benefit
Tax neutral state
Program home state (Rhode Island)
Maximum Annual State Income Benefit
State | Benefit Type | Tax Benefit | K-12 Tuition as a Qualified Expense |
---|---|---|---|
Alabama | other |
n
$5,000 for indiviuals
n
$10,000 for joint accounts
| yes |
Alaska | neutral |
n
This state offers no tax deduction for 529 plans
| no |
Arizona | taxParity |
n
$2,000 for individuals
n
$4,000 for joint accounts
| yes |
Arkansas | taxParity |
n
$5,000 for individuals, $10,000 for joint accounts and for Arkansas 529 plan
| yes |
California | neutral |
n
This state offers no tax deduction for 529 plans
| no |
Colorado | other |
n
$22,700 for individuals
n
$34,000 for joint accounts
| pending |
Connecticut | other |
n
$5,000 for individuals
n
$10,000 for joint accounts
| pending |
Delaware | other |
n
$1,000 for individuals
n
$2,000 for joint accounts
| no |
District of Columbia | other |
n
$4,000 for individuals
n
$8,000 for joint accounts
| yes |
Florida | neutral |
n
This state offers no tax deduction for 529 plans
| yes |
Georgia | other |
n
$4,000 for individuals
n
$8,000 for joint accounts
| yes |
Hawaii | neutral |
n
This state offers no tax deduction for 529 plans
| no |
Idaho | other |
n
$6,000 for individuals
n
$12,000 for joint accounts
| yes |
Illinois | other |
n
$10,000 for individuals
n
$20,000 for joint accounts
| pending |
Indiana | other |
n
20% tax credit on contributions up to $750 for individuals
n
20% tax credit on contributions up to $1,500 for joint accounts
| yes |
Iowa | other |
n
$4,028 for individuals
n
$8,056 for joint accounts
| yes |
Kansas | taxParity |
n
$3,000 for individuals
n
$6,000 for joint accounts
| yes |
Kentucky | neutral |
n
This state offers no tax deduction for 529 plans
| yes |
Louisiana | other |
n
$2,400 for individuals
n
$4,800 for joint accounts
| pending |
Maine | taxParity |
n
$1,000 for individuals
n
$1,000 for joint accounts
| pending |
Maryland | other |
n
$2,500 for individuals
n
$5,000 for joint accounts
| yes |
Massachusetts | other |
n
$1,000 for individuals
n
$2,000 for joint accounts
| yes |
Michigan | other |
n
$5,000 for individuals
n
$10,000 for joint accounts
| no |
Minnesota | taxParity |
n
$1,500 (I), $3,000 (J) The state also offers up to a $500 tax credit for tax payers below certain income levels that can be used instead of a state tax deduction
| pending |
Mississippi | other |
n
$10,000 for individuals
n
$20,000 for joint accounts
| yes |
Missouri | taxParity |
n
$8,000 for individuals
n
$16,000 for joint accounts
| yes |
Montana | taxParity |
n
$3,000 for individuals
n
$6,000 for joint accounts
| no |
Nebraska | other |
n
$5,000 for individuals
n
$10,000 for joint accounts
| pending |
Montana | taxParity |
n
$3,000 for individuals
n
$6,000 for joint accounts
| no |
Nevada | neutral |
n
This state offers no tax deduction for 529 plans
| pending |
New Hampshire | neutral |
n
This state offers no tax deduction for 529 plans
| yes |
New Jersey | other |
n
$10,000 for individuals taxpayers with gross income of $200,000 or less
n
$20,000 for joint accounts taxpayers with gross income of $200,000 or less
| no |
New Mexico | other |
n
Full contribution amount
| yes |
New York | other |
n
$5,000 for individuals
n
$10,000 for joint accounts
| no |
North Carolina | neutral |
n
This state offers no tax deduction for 529 plans
| yes |
North Dakota | other |
n
$5,000 for individuals
n
$10,000 for joint accounts
| yes |
Ohio | taxParity |
n
$4,000 for individual and joint accounts
| yes |
Oklahoma | other |
n
$10,000 for individuals
n
$20,000 for joint accounts
| yes |
Oregon | other |
n
$150 tax credit for filers with gross income of $30,000 or less
n
$300 tax credit for filers with gross income of $30,000 or less
| no |
Pennsylvania | taxParity |
n
$18,000 for individuals
n
$36,000 for joint accounts
| yes |
Rhode Island | inState |
n
$500 for individuals
n
$1,000 for joint accounts
| yes |
South Carolina | other |
n
Full contribution amount
| yes |
South Dakota | neutral |
n
This state offers no tax deduction for 529 plans
| yes |
Tennessee | neutral |
n
This state offers no tax deduction for 529 plans
| yes |
Texas | neutral |
n
This state offers no tax deduction for 529 plans
| yes |
Utah | other |
n
4.65% tax credit on contributions up to $2,290 for individuals, maximum credit is $106.49
n
4.65% tax credit on contributions up to $4,580 for joint accounts, maximum credit is $212.97
| yes |
Vermont | other |
n
10% tax credit on contributions up to $2,500 for individuals, maximum credit is $250
n
10% tax credit on contributions up to $5,000 for joint accounts, maximum credit is $500
| no |
Virginia | other |
n
$4,000 (I,J); fully deductible if age 70 or older
| yes |
Virginia | other |
n
$4,000 (I,J); fully deductible if age 70 or older
| yes |
Washington | neutral |
n
This state offers no tax deduction for 529 plans
| yes |
West Virginia | other |
n
Full contribution amount
| yes |
Wisconsin | other |
n
$5,000 per beneficiary (I, J), OR
n
$2,500 per beneficiary for married filing separate
| yes |
Wyoming | neutral |
n
This state offers no tax deduction for 529 plans
| yes |