529 Education Savings Plans

529 Education Savings Plans

All data points

June 2020

To print this in two parts go to Part 1 for Program Information and State Contributions and Part 2 for Owner Contributions, Withdrawals and Eligible Expenses.

STATE
arrow_upward
Statutory
name
Public-facing
name
Does the state have a
program to provide
state contributions to
529 plans that is
accessible to ALL
residents regardless
of income?
What is the name
of the program?
How much is the
state contribution?
Is it a flat
dollar amount
or matching?
Does the state have
a special program
that provides state
contributions to 529
plans for low-income
residents ONLY?
What is the
name of
the program?
What is the
income
qualification?
Do qualified
residents have
to apply to
access the benefits?
How much is
the state
contribution?
Is it a flat
dollar amount
or matching?
What is the
maximum annual
contribution by the
account owner that
would be eligible for
a state income tax
deduction?
What is the
maximum
amount
allowed in
529 plans for
a single
beneficiary?
Are withdrawals
for qualified
expenses exempt
from additional
state taxes?
What, if any,
state penalties
exist for
withdrawals
for nonqualified
expenses?
Does state statute
explicitly
reference the
federal tax code
regarding eligible
expenses?
Does the state
allow K-12
tuition to be
claimed as an
eligible expense?
Source/
Statute/
Code
Link to program
description /
FAQs website
Alabama Alabama College Education Savings (ACES) Program CollegeCounts 529 No N/A N/A N/A No N/A N/A N/A N/A N/A $5K/individual, $10K/filing jointly $475,000 Yes State income tax, plus a penalty: 10% of the withdrawal amount is added back into the taxable income of the taxpayer Yes Yes Ala. Code 1975 § 16-33C-10 to 16-33C-13; Ala. Admin. Code r. 810-3-15-.27 https://www.collegecounts529.com/
Alaska Alaska Higher Education Savings Trust University of Alaska College Savings Plan No N/A N/A N/A No N/A N/A N/A N/A N/A Up to $100K (subject to federal gift tax) $475,000 N/A (no state income tax) N/A (no state income tax) Yes N/A (no state income tax) AS § 14.40.802 to 14.40.817 https://www.alaska529plan.com/
Arizona Arizona Family College Savings Plan Arizona Family College Savings Plan No N/A N/A N/A No N/A N/A N/A N/A N/A $2K/individual, $4K/filing jointly $494,000 Yes State income tax Yes Yes A.R.S. § 15-1871 to 15-1879; A.R.S. § 43-1022 https://az529.gov/
Arkansas Arkansas Tax-Deferred Tuition Savings Program Arkansas 529 GIFT Plan No N/A N/A N/A No N/A N/A N/A N/A N/A $5K/individual, $10K/filing jointly $366,000 Yes State income tax Yes Yes A.C.A. § 6-84-101 to 6-84-114 https://www.arkansas529.org/home/faqs.html
California Golden State Scholarshare College Savings Program ScholarShare 529 No N/A N/A N/A Yes N/A Less than $75,000 adjusted gross household income Yes Up to $200 Matching Contributions are not tax deductible $529,000 Yes 2.5% additional tax Yes No West's Ann.Cal.Educ.Code § 69980 to 69994 https://www.scholarshare529.com/
Colorado Colorado College Savings Program CollegeInvest Yes First Step CollegeInvest $100 contribution to accounts created within 5 years of the birth or adoption of a child that is a Colorado resident. Flat dollar Yes First Step CollegeInvest (1) Expected Family Contribution of $45,000 or less; (2) Household income at or below 400% of the federal poverty level (FPL) (1) Yes, and they must be accepted or enrolled in a postsecondary institution; (2) Yes (1) $2000/year for up to four years; (2) Up to $500/year for up to five years (1) Flat dollar; (2) Matching None (up to account maximum) $400,000 Yes State income tax Yes No C.R.S.A. § 23-3.1-301 to 23-3.1-311; C.R.S.A. § 39-22-104 https://www.collegeinvest.org/
Connecticut Connecticut Higher Education Trust (CHET) Connecticut Higher Education Trust (CHET) Yes CHET Baby Scholars $100 contribution to accounts created within a year of the birth or adoption of a child that is a Connecticut resident, and up to an additional $150 in matching funds. $100 flat dollar
$150 matching
Yes; merit-based scholarships and randomly awarded scholarships CHET Baby Scholars No income requirement, but some scholarships must be awarded to career tech students and students in high schools identified as Turnaround schools Yes $2,023 for merit-based awards and $1,250 for randomly selected awards Flat dollar $5K/individual, $10K/filing jointly $300,000 Yes State income tax Yes Yes C.G.S.A. § 3-22a - 3-22u https://www.aboutchet.com/
Delaware Delaware College Investment Plan DE529 No N/A N/A N/A No N/A N/A N/A N/A N/A Contributions are not tax deductible $350,000 Yes No state penalties Yes Yes 14 Del.C. § 3483 to 3491 https://treasurer.delaware.gov/education-savings-plan/
District of Columbia District of Columbia College Savings Plan District of Columbia College Savings Plan No N/A N/A N/A No N/A N/A N/A N/A N/A $4K/individual, $8K/filing jointly $500,000 Yes State income tax Yes Yes DC ST § 47-4501 to 47-4512 https://www.dccollegesavings.com/
Florida Florida College Savings Plan Florida 529 Savings Plan No N/A N/A N/A No N/A N/A N/A N/A N/A No state income tax $418,000 N/A (no state income tax) N/A (no state income tax) Yes N/A (no state income tax) West's F.S.A. § 1009.981 https://www.myfloridaprepaid.com/savings-plan/faqs/
Georgia Georgia Higher Education Savings Plan Path2College No N/A N/A N/A No N/A N/A N/A N/A N/A $4K/individual, $8K/filing jointly $235,000 Yes State income tax Yes Yes Ga. Code Ann., § 20-3-630 to 20-3-642; Ga Comp. R. & Regs. 560-7-4-.04 https://www.path2college529.com/plan/details.shtml
Hawaii Hawaii College Savings Program HI529 No N/A N/A N/A No N/A N/A N/A N/A N/A Contributions are not tax deductible $305,000 Yes State income tax Yes No HRS § 256-1 to 256-7 https://www.hi529.com/home/features--benefits/frequently-asked-questions.html
Idaho Idaho College Savings Program IDeal No N/A N/A N/A No N/A N/A N/A N/A N/A $6K/individual, $12K/filing jointly $500,000 Yes State income tax Yes Yes I.C. § 33-5401 to 33-5410; IDAPA 54.02.01.010 to 54.02.01.040 https://www.idsaves.org/home.html
Illinois Illinois Higher Education Savings Program Bright Start Yes (beginning in 2021) Illinois Higher Education Savings Program $50 to every child born in Illinois starting January 1, 2021 Flat dollar No Illinois Higher Education Savings Program N/A N/A N/A N/A $10K/individual, $20K/filing jointly $450,000 Yes State income tax Yes No 15 ILCS 505/16.8 https://www.brightstart.com/plan-highlights/
Indiana Indiana Family College Savings Program CollegeChoice 529 No N/A N/A N/A No N/A N/A N/A N/A N/A 20% of contributions up to $1,000 $450,000 Yes State income tax Yes Yes, if expenses are for K-12 schools within Indiana; No, if expenses are for K-12 schools outside of Indiana. IC 21-9-7-1 to 21-9-7-9; IC 6-3-3-12 https://www.collegechoicedirect.com/home.html
Iowa Iowa Educational Savings Plan Trust College Savings Iowa Plan No N/A N/A N/A No N/A N/A N/A N/A N/A $3,439/individual, $6,878/filing jointly $420,000 Yes State income tax Yes Yes I.C.A. § 12D.1 to 12D.11; I.C.A. § 422.7, 422.18, 422.32 and 422.33 https://www.collegesavingsiowa.com/
Kansas Kansas Postsecondary Education Savings Program LearningQuest 529 No N/A N/A N/A Yes N/A Household income at or below 200% of the federal poverty level (FPL) Yes $600 (for 2020) if the account owner contributes $100 Matching $3K/individual, $6K/filing jointly $418,000 Yes State income tax Yes Yes K.S.A. 75-640 to 75-650 https://www.learningquest.com/home.html

https://www.learningquest.com/home/learn/kids-matching-grant.html
Kentucky Kentucky Educational Savings Plan Trust KY Saves 529 No N/A N/A N/A No N/A N/A N/A N/A N/A Contributions are not tax deductible $350,000 Yes State income tax Yes Yes KRS § 164A.300 to 164A.380 https://cdn.unite529.com/jcdn/files/KYD/pdfs/programDescription.pdf
Louisiana Louisiana Education Tuition and Savings Plan and Fund Student Tuition Assistance and Revenue Trust Program (START) Yes Earnings Enhancements The state contributes "earnings enhancements" (EE) to all contributers at a rate of 2% of total deposits per year. The enhancements are on a sliding scale based on income; contributions from families from the lowest income bracket can qualify for state "earnings enhancements" contributions of up to 14% of total deposits for year. Matching Yes Earnings Enhancements The state contributes "earnings enhancements" (EE) to all contributers, but the Earnings Enhancement rate is based on the account owner’s reported federal adjusted gross income (AGI) for the preceding taxable year. The enhancements are on a sliding scale based on income. No Tier I: 14% EE for AGI less than $29,999
Tier II: 12% EE for AGI between $30,000 and $44,999
Tier III: 9% EE for AGI between $45,000 and $59,999
Tier IV: 6% EE for AGI between $60,000 and $74,999
Tier V: 4% EE for AGI between $75,000 and $99,999
Tier V: 2% EE for AGI above $100,000
Matching $2.4K/individual, $4.8K/filing jointly $500,000 Yes State income tax Yes No LSA-R.S. 17:3092 to 17:3099.2; LSA-R.S. 17:3129.4 https://www.startsaving.la.gov/
Maine Maine Education Savings Program NextGen 529 Yes Alfond Grant & NextStep Matching Grants $500 to every child born a Maine resident since January 1, 2013; $100 - $300 matching grants for meeting certain contribution conditions. $500 flat (Alfond Grant)
$100 to $300 matching (NextStep Matching Grants)
No Alfond Grant & NextStep Matching Grants N/A N/A N/A N/A Contributions are not tax deductible $500,000 Yes State income tax Yes No 20-A M.R.S.A. § 11471 to 11486 https://www.nextgenforme.com/
Maryland Maryland College Investment Plan Maryland529 No N/A N/A N/A Yes N/A Tier I: Maryland taxable income of less than $50,000 individual or $75,000 married
Tier II: Maryland taxable income of less than $112,500 individual or $175,000 married
Yes Tier I: $500
Tier II: $250
Matching, requires $25 $2.5K/individual, $5K/filing jointly $500,000 Yes State income tax Yes Yes MD Code, Education, § 18-19A-01 to 18-19A-07 https://maryland529.com/
Massachusetts Massachusetts College Savings Plan MEFA U.Fund Yes BabySteps $50 seed deposit for every child born or adopted on or after January 1, 2020 who is a Massachusetts resident. Flat No BabySteps N/A N/A N/A N/A $1K/individual, $2K/filing jointly $400,000 Yes State income tax No Yes M.G.L.A. 15C § 5B https://www.mefa.org/products/u-fund-college-investing-plan/
Michigan Michigan Education Savings Program (MESP) Michigan Education Savings Program (MESP) No N/A N/A N/A No N/A N/A N/A N/A N/A $5K/individual, $10K/filing jointly $500,000 Yes State income tax Yes No M.C.L.A. 390.1471 to 390.1486 https://www.misaves.com/
Minnesota Minnesota College Savings Plan MN Saves No N/A N/A N/A Yes, non-redfundable tax credit. N/A Tier I: Individuals AGI less than $78,340
Tier II: Individual AGI between $78,340 and $103,340
Tier III: Joint AGI between $78,340 and $103,340
Tier IV: Joint AGI between $103,340 and $141,010
Tier V: Joint AGI between $141,010 and $166,010
Yes Tier I: $500
Tier II: $500 reduced by 2% of AGI over $78,340
Tier III: $500 reduced by 1% of AGI over $78,340
Tier IV: $250
Tier V: $250 reduced by %1 of AGI over $141,010
Flat to existing accounts $1.5K/individual, $3K/filing jointly $425,000 Yes State income tax Yes Yes M.S.A. § 136G.01 to 136G.14 https://www.mnsaves.org/
Mississippi Mississippi Affordable College Savings Program MACS No N/A N/A N/A No N/A N/A N/A N/A N/A $10K/individual, $20K/filing jointly $235,000 Yes State income tax Yes Yes Miss. Code Ann. § 37-155-101 to 37-155-125 https://www.treasury.ms.gov/collegesavingsmississippi/Pages/default.aspx
Missouri Missouri Education Savings Program MOST No N/A N/A N/A No N/A N/A N/A N/A N/A $8K/individual, $16K/filing jointly $325,000 Yes State income tax PLUS a penalty: penalty amount is equal to or greater than 10% of the earnings of an account Yes Yes V.A.M.S. 166.400 to 166.456 https://cdn.unite529.com/jcdn/files/MOD/pdfs/programdescription.pdf
Montana Family Education Savings Plan Achieve Montana No N/A N/A N/A No N/A N/A N/A N/A N/A $3K/inidividual, $6K/filing jointly $396,000 Yes State income tax Yes No MCA 15-62-101 to 15-62-302 https://achievemontana.com/
Nebraska Nebraska Educational Savings Plan Trust NEST 529 Yes The Meadowlark Program A NEST account will be opened for every baby born on or after January 1, 2020 who is a resident of Nebraska at the time of birth. Contribution amount is unspecified - dependent on legislative/private funding. Contribution amount is unspecified - dependent on legislative/private funding. Yes The Meadowlark Program Household income at or below 200 percent of the federal poverty level Yes Up to $1K/year Matching $10K $400,000 Yes State income tax Yes No Neb. Rev. St. § 85-1801 to 85-1817 https://www.nest529direct.com/
Nevada Nevada College Savings Program Nevada Saves - nv529.org Yes Nevada College Kick Start An account is created for every Nevada resident with $50 at the time of enrollment in kindergarten at a public school. Flat dollar Yes Nevada College Kick Start Household income at or below $74,999 Yes Up to $300/year for five years for a maximum of $1500 per beneficiary. Matching N/A (state has no income tax) $500,000 N/A (no state income tax) N/A (no state income tax) Yes N/A (no state income tax) N.R.S. 353B.300 to 353B.370 http://www.nevadatreasurer.gov/CollegeSavings/CSP_Home/
New Hampshire New Hampshire College Tuition Savings Plan UNIQUE Plan No N/A N/A N/A No N/A N/A N/A N/A N/A N/A (state has no income tax) $522,000 N/A (no state income tax) N/A (no state income tax) Yes N/A (no state income tax) N.H. Rev. Stat. § 195-H:1 to 195-H:10 https://www.nh.gov/treasury/college-savings/index.htm
New Jersey New Jersey Better Educational Savings Trust NJBEST Yes NJBEST Scholarship The NJBEST Scholarship plan is available to New Jersey residents enrolled in an eligible New Jersey higher education institution, who are beneficiaries to a 529 plan that has existed for at least 4 years and contains at least $1,200. Scholarship amounts run from $500 to $1500 depending on the length of time the account has been open and the amount already contributed to the plan. Flat dollar No. NJBEST Scholarship N/A N/A N/A N/A None (up to account maximum) $305,000 Yes State income tax Yes Yes N.J.S.A. 18A:71B-35 to 18A:71B-46 https://www.njbest.com/njbest/resources/faqs
New Mexico New Mexico College Savings Program The Education Plan No N/A N/A N/A No N/A N/A N/A N/A N/A None (up to account maximum) $500,000 Yes State income tax Yes No N. M. S. A. 1978, § 21-21K-1 to 21-21K-7 https://www.theeducationplan.com/formsandresources
New York New York College Savings Program New York's 529 College Savings Program (NY's 529) No N/A N/A N/A No N/A N/A N/A N/A N/A $5K/individual, $10K/filing jointly $520,000 Yes State income tax No Yes McKinney's Education Law § 695 to 695-g https://www.nysaves.org/home/basics-of-529s/529-basics.html
North Carolina North Carolina Parental Savings Trust Fund NC 529 Plan No N/A N/A N/A No N/A N/A N/A N/A N/A Contributions are not tax deductible $420,000 Yes State income tax Yes Yes N.C.G.S.A. § 116-209.25 https://nc529.org/nc-529-plan-questions/
https://www.cfnc.org/site/help/faq.html?section=save#save
https://nc529.org/529-tax-deduction/
North Dakota North Dakota Higher Education Savings Plan College SAVE Yes New Baby Match Up to $200 dollar for dollar match for contributions in the first year after opening an account, available to every newborn (up to 12 months old) North Dakota resident Matching Yes New Baby Match Taxable household income under $80,000/single, $120,000/filing jointly Yes Up to $300 dollar for dollar match for contributions in the first year after opening an account Matching $5K/individual, $10K/filing jointly $269,000 Yes State income tax Yes Yes NDCC, 6-09-38 https://www.collegesave4u.com/home/features-and-benefits/frequently-asked-questions.html
Ohio Ohio College Savings Program CollegeAdvantage No N/A N/A N/A No N/A N/A N/A N/A N/A $4K $482,000 Yes State income tax Yes Yes R.C. § 3334.02 https://www.collegeadvantage.com/general-faqs
Oklahoma Oklahoma College Savings Plan Oklahoma 529 College Savings Plan (OCSP) No N/A N/A N/A No N/A N/A N/A N/A N/A $10K/individual, $20K/filing jointly $300,000 Yes State income tax, plus a penalty: up to 5% of the withdrawal amount Yes Yes 70 Okl.St.Ann. § 3970.1 to 3970.12 https://www.ok4saving.org/help/faq/
Oregon Oregon 529 Savings Network Oregon College Savings Plan Yes Baby Grad Program & Kinder Grad Program Baby Grad Program: $25 for accounts opened for Oregon resident babies under one year old
Kinder Grad Program: $25 for accounts opened for Oregon resident children between 5 and 6 years old
Flat dollar No Baby Grad Program & Kinder Grad Program N/A N/A N/A N/A N/A. As of January 2020, there is a $150 maximum tax credit for single filers and a $300 maximum tax credit for joint filers. $400,000 Yes State income tax Yes No O.R.S. § 178.300 to 178.360 https://www.oregoncollegesavings.com/faqs-main
Pennsylvania Pennsylvania Tuition Account Investment Program PA 529 Yes Keystone Scholars $100 grant to every baby born to or adopted by Pennsylvania families Flat dollar No Keystone Scholars N/A N/A N/A N/A $15K/individual, $30/filing jointly $511,758 Yes State income tax Yes Yes 24 P.S. § 6901.301 to 6901.319 https://www.pa529.com/faqs/
Rhode Island Rhode Island Tuition Savings Program CollegeBound Saver Yes CollegeBoundbaby $100 grant to every baby born to or adopted by Rhode Island families Flat dollar No CollegeBoundbaby N/A N/A N/A N/A $500/individual, $1K/filing jointly $500,000 Yes State income tax Yes Yes Gen.Laws 1956, § 16-57-6.1 https://www.collegeboundsaver.com/home/frequently-asked-questions.html
https://www.collegeboundsaver.com/cbb.html
South Carolina South Carolina College Investment Program (SCCIP) Future Scholar No N/A N/A N/A No N/A N/A N/A N/A N/A None (up to account maximum) $500,000 Yes State income tax Yes Yes Code 1976 § 59-2-10 to 59-2-160 https://futurescholar.com/
South Dakota South Dakota Higher Education Savings Plan CollegeAccess 529 No N/A N/A N/A No N/A N/A N/A N/A N/A N/A (state has no income tax) $350,000 N/A (no state income tax) N/A (no state income tax) Yes N/A (no state income tax) SDCL § 13-63-1 to 13-63-32 https://www.collegeaccess529.com/en-us/plan-details
Tennessee Tennessee College Savings Trust Act TNStars College Savings 529 Program (TNStars) No N/A N/A N/A Yes N/A Household income below 250% of the federal poverty level (FPL) Yes 4:1 matching grant program, with a maximum state contribution of $500 for a $125 investment Matching N/A (state has no income tax) $350,000 N/A (no state income tax) N/A (no state income tax) Yes N/A (no state income tax) T. C. A. § 49-7-801 to 49-7-826 https://www.tnstars.com/
Texas Texas Higher Education Savings Plan Texas College Savings Plan No N/A N/A N/A No N/A N/A N/A N/A N/A N/A (state has no income tax) $500,000 N/A (no state income tax) N/A (no state income tax) Yes N/A (no state income tax) V.T.C.A., Education Code § 54.701 to 54.716 https://www.texascollegesavings.com/
Utah Utah Education Savings Plan (UESP) my529 No N/A N/A N/A No N/A N/A N/A N/A N/A $2,040/individual, $4,080/filing jointly $500,000 Yes State income tax Yes Yes U.C.A. 1953 § 53B-8a-101 to 53B-8a-114 https://my529.org/
Vermont Vermont Higher Education Investment Plan Vermont Higher Education Investment Plan (VHEIP) No N/A N/A N/A No N/A N/A N/A N/A N/A $2.5K/individual, $5K/filing jointly $352,800 Yes State income tax No No 16 V.S.A. § 2875 to 2879 https://www.vheip.org/
Virginia Virginia College Savings Plan Virginia529 - Invest529 No N/A N/A N/A No N/A N/A N/A N/A N/A $4K $500,000 Yes State income tax Yes Yes VA Code Ann. § 23.1-700 to 23.1-713 https://www.virginia529.com/
Washington Washington College Savings Program DreamAhead College Investment Plan No N/A N/A N/A No N/A N/A N/A N/A N/A N/A (state has no income tax) $500,000 N/A (no state income tax) N/A (no state income tax) Yes N/A (no state income tax) West's RCWA 28B.95.032 https://dreamahead.wa.gov/
West Virginia West Virginia Savings Program SMART529 Yes Bright Babies $100 contribution to accounts created within a year of the birth or adoption of a child that is a West Virginia resident Flat dollar No Bright Babies N/A N/A N/A N/A None (up to account maximum) $400,000 Yes State income tax Yes Yes W. Va. Code, § 18-30-1 to 18-30-17 https://www.smart529.com/home.html
Wisconsin Wisconsin College Savings Account Edvest College Savings Plan No N/A N/A N/A No N/A N/A N/A N/A N/A $1,670/individual, $3340/filing jointly $505,000 Yes State income tax Yes Yes W.S.A. 224.50 and 224.51 https://www.edvest.com/
Wyoming None; partners with Colorado CollegeInvest Plan None; partners with Colorado CollegeInvest Plan N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan) N/A (no state plan)
Total answers
36
No:
14
Yes:
1
N/A:
39
No:
11
Yes:
1
N/A:
42
Yes:
9
N/A:
40
State:
9
N/A:
1
2:
1
No:
47
Yes:
3
No:
1
N/A:
30
Yes:
12
No:
9
N/A: