| Alabama |
Alabama 529
|
$5,000 Single/MFS, $10,000 MFJ
|
Resident: AL General Tab > Screen 2 > Part 2 > Line 8
Nonresident: AL General Tab > Screen 4 > Part 2 > Line 5
|
AL 529 FAQ
|
| Arkansas |
AR 529 Gift Plan
|
$5,000 Single/MFS, $10,000 MFJ
|
AR General Tab > Screen ADJ > Line 2
|
AR Treasury
|
| Arizona |
AZ 529
|
$2,000 Single/MFS, $4,000 MFJ
|
AZ General Tab > Screen 2 > Line
34(Res)/41(PY) in Drake 19 and forward and Drake17 and prior
35 (Res)/42 (PY) Drake 18 only
|
AZ DOR
|
| Colorado |
Tuition Program
|
No Limit
|
CO General Tab > Screen 2 > Line 10 in Drake22 (line 8 in Drake20 and Drake21). CO General Tab > Screen 2 > Line 6 in prior years.
|
CO FYI Income 44
|
| Connecticut |
C.H.E.T.
|
$5,000 Single/MFS, $10,000 MFJ
|
CT General Tab > Screen 2 > Line 48(RES)/50(NRPY)
|
C.H.E.T Info
About C.H.E.T.
|
| Washington DC |
DC College Savings Plan
|
$4,000 Single/MFS, $8,000 MFJ
|
DC General Tab > Screen I > Calculation B > Line 6
|
DC College Savings Plan
|
| Georgia |
GA Higher Education Plan
|
$4,000 Single/MFS, $8,000 MFJ
|
GA General Tab > Screen 3 > Line 9
|
GA 529 College Savings
Path2College 529 Info
|
| Iowa |
College Savings Iowa, Iowa 529
|
Tax Year 18: $3319 per Taxpayer (Primary and/or Spouse) for each beneficiary (student) account.
Tax Year 19: $3,387 per Taxpayer (Primary and/or Spouse) for each beneficiary (student) account.
Tax Year 20: $3,439 per Taxpayer (Primary and/or Spouse) for each beneficiary (student) account.
Tax Year 21: $3,474 per Taxpayer (Primary and/or Spouse) for each beneficiary (student) account.
|
IA General Tab > Screen LN24 > Line G
|
College Savings Iowa
|
| Idaho |
IDeal - 529 College Savings Plan
|
$6,000 Single/MFS, $12,000 MFJ
|
ID General Tab > Screen 5 > Line 14 (Res)/9 (NR)
|
IDeal - 529 College Savings Plan
|
| Illinois |
Bright Start, Bright Direction, College Illinois
-----------------
Invest in Kids Credit
|
$10,000 Single/MFS, $20,000 MFJ
|
IL General Tab > Screens BRIG (Bright Start), BDIR (Bright Direction), or COIL (College Illinois) as applicable.
In prior years, screen M2 > Line 13a, 13b, 13c as applicable.
--------------------------------------------------
IL > Credits tab > screen 9913
|
Illinois College Savings
|
| Indiana |
College Choice 529 Direct Savings Plan
|
This credit is limited to the lower 20% of contributions, or $1,000 on the tax liability of the taxpayer ($500 if filing MFS).
|
IN > Credits Tab > Screen CC40 > Enter the College Code, Date of Contribution, and Amount Given for each contribution.
|
College Choice 529 Investment Plan
Indiana Education Savings Authority
|
| Kansas |
Learning Quest, Learning Quest Advisor, Schawb 529 Plan
|
$3,000 Single/MFS, $6,000 MFJ
|
Drake 16 and prior:
Contributions: KS General Tab > Screen A > Line A21
Withdrawals: KS General Tab > Screen A > Line A13
Drake 17 - Drake20:
Contributions: KS General Tab > Screen A > Line A13
Withdrawals: KS General Tab > Screen A > Line A5
Drake21
Contributions: KS General Tab > Screen A > Line A14
Withdrawals: KS General Tab > Screen A > Line A6.
|
Kansas Postsecondary Education Savings Program
|
| Louisiana |
START Saving Program
|
$2,400 Single/MFS, $4,800 MFJ
|
LA General Tab > EH Screen > Code 09E
|
START Saving Program
Saving Program FAQ
|
| Massachusetts |
U.FUND
|
$1,000 Single/MFS, $2,000 MFJ
|
MA General Tab > Y screen (XY screen in prior years) > Line 18a (18 in prior years)
|
MA DOT
UFUND Plan
|
| Maryland |
Maryland Prepaid College Trust, Maryland College Investment Plan
|
$2500 Per Account Per Year. Excess payments can be rolled over into the next year until they are used.
|
MD General Tab > SUB Screen > Line XA, XB, XC, XD depending on the account type.
|
MD 529
Advantages & Benefits
|
| Michigan |
MiABLE
|
$5,000 Single/MFS, $10,000 MFJ
|
MI General Tab > Screen 2 > Line 17
|
Michigan 529 Advisor Plan
MiABLE
|
| Minnesota |
Minnesota 529
|
$1,500 Single/MFS, $3,000 MFJ
|
MN Other Tab > Screen 529 > enter Trustee, Account Number, and Amount
|
Tax and Credit Deduction
Saving for College - 529 Plans
|
| Missouri |
MOST
|
$8,000 Single/MFS, $16,000 MFJ
|
MO General Tab > Screen A > Line 12 in Drake21. MO General Tab > Screen A > Line 11 in prior years
|
About MOST
529 Plan FAQ
|
| Mississippi |
MACS, MPACT
|
$10,000 Single/MFS, $20,000 MFJ
|
MS General Tab > Screen DED > Line 55/56 or 56/57 depending on the account type.
|
MPACT FAQ
MACS FAQ
|
| Montana |
Montana 529
|
$3,000 Single/MFS, $6,000 MFJ
|
MT General Tab > Screen SCH2 > Line 17 (line 20 in Drake17 and prior)
|
Montana 529 FAQ
|
| North Dakota |
College SAVE
|
$5,000 Single/MFS, $10,000 MFJ
|
ND General Tab > Screen ND1 > Line 12 (Line 14 in Drake18 and prior)
|
Bank of ND
College SAVE Tax Benefits
|
| Nebraska |
NEST 529
|
$5,000 Single/MFS, $10,000 MFJ
**This deduction only applies to contributions from parents who are the account owner/s, or contributions made by the beneficiary.
|
NE Income Tab > Screen SCH1 > Line 16 or 17 (line 17 or 20 in Drake17 and prior) depending on the account type.
|
NEST 529 Tax Benefits
|
| New Mexico |
New Mexico 529
|
You can deduction the entirety of your contributions from your New Mexico income.
|
NM General Tab > Screen ADJ > Line 14
|
NM Tax Benefits for College Savings
|
| New York |
New York 529
|
$5,000 Single/MFS, $10,000 MFJ
|
NY General Tab > Screen 6 > Line 10
Beginning in Drake 17 you can also have an amount from your refund directly deposited into this 529 account by going to the Federal DD Screen > Selecting the link at the bottom of the page that states NY College 529 Plans > Entering all applicable details.
|
NY College 529 Program
NY Saves
|
| New Jersey |
NJ BEST Deduction (College Affordability Deduction) |
Contributions up to $10,000 to a NJ BEST (New Jersey Better Educational Savings Trust) account may be deductible. |
NJ > General tab >
screen 2, line 37 for full year residents or
screen 3, line 37 for part-year residents
Note that two other education deductions (not related to a 529 plan) are also available if applicable; see the instructions for details.
|
NJ 1040 Instructions |
| Ohio |
Ohio College Advantage 529 Savings Plan
|
Contributions, including rollover contributions, to an Ohio 529 plan are deductible up to $4,000 per beneficiary (regardless of filing status). There is also an unlimited carryforward of excess contributions.
|
OH General Tab > Screen 529 > Enter details as applicable.
You can also have an amount from your refund directly deposited into this 529 account by going to the Federal DD Screen > Selecting the Link at the bottom of the page that states Ohio College 529 Plans > Entering all applicable details.
|
Ohio Virtual Tax Academy
Ohio Saving for College 529 Plan
|
| Oklahoma |
OCSP - Oklahoma 529 College Savings Plan
|
$10,000 Single/MFS, $20,000 MFJ
|
OK General Tab > Screen 4 > Line 4
|
OK 529 Plan FAQ
|
| Oregon |
Oregon ABLE Savings Plan
|
Oregon offers a $150 tax credit for single filers, and a $300 tax credit for joint filers. Contribution amounts needed to get the maximum credit depends on the AGI of the contributor. See the Oregon College Savings Plan FAQ for additional information.
|
OR General Tab > Screen SUB > Line 324 Note: This field is for allowable carryovers only starting in Drake21 (see the F1 field help for details).
|
Oregon College Savings Plan
Oregon College Savings Plan FAQ
|
| Pennsylvania |
PA 529 College Savings Program
|
$15,000 Single/MFS, $30,000 MFJ
|
PA General Tab > Screen O > Enter details of each contribution into PART I
|
PA 529 FAQ
|
| Rhode Island |
CollegeBound
|
$500 Single/MFS, $1,000 MFJ
|
RI General Tab > Screen M > Line 1g
|
RI Office of the General Treasurer
RI CollegeBound Saver
|
| South Carolina |
Future Scholar
|
Future Scholar account contributions may be tax-deductible, up to the maximum account balance limit of $520,000 per beneficiary (or any lower limit under applicable law).
|
SC General Tab > Screen 2 > Line k/38
|
Future Scholar
Future Scholar FAQ
|
| Utah |
my529
(Formerly Utah Educational Savings Plan - UESP)
|
A Utah individual taxpayer (or trust) who is a my529 account owner may claim a Utah state income tax credit up to certain limits on contributions to his or her account or accounts. The maximum credit and deduction are reviewed each year and may be changed.
A Utah taxpayer may not claim Utah state tax benefits for a contribution made to an account for which he or she is not the account owner. See My529 Tax Advantages for more information.
|
UT General Tab > Screen 2 > Line 54
|
My529
|
| Virginia |
Virginia 529
|
Taxpayers may deduction up to $4,000 per account, per year, with unlimited carryforward of excess contributions.
|
VA General Tab > Screen CSPD > Enter the contributions made to each account as applicable.
|
VA529
VA529 FAQ
|
| Vermont |
VHEIP - Vermont Higher Education Investment Plan
|
A state income tax credit of 10% of the first $2,500 contributed to VHEIP per beneficiary per tax year is available to any Vermont taxpayer (or, in the case of a married couple filing jointly, 10% of the first $5,000 contributed per beneficiary) – a tax credit worth up to $250 per beneficiary ($500 per beneficiary for married couples filing jointly).
|
VT Credits Tab > Screen HEC > Enter amounts as applicable.
|
VT Higher Education Investment Plan
Benefits and Advantages
|
| Wisconsin |
WI 529 College Savings Program
|
$3,380 per beneficiary, regardless of filing status. Contributions in excess of $3,380 may be carried-forward to be applied in subsequent tax years.
|
WI General Tab > Screen CS > Complete Part 1 Section A with all applicable details.
|
WI 529 College Savings Program
|
| West Virginia |
SMART529
|
Taxpayers can deduct up to 100% of contributions from their WV income, but only to the extent the payments have not been previously allowed
as a deduction when arriving at your federal adjusted gross income.
|
WV General Tab > Screen M > Line 37 (line 47 in Drake17 and prior)
|
SMART529 General Information
SMART529 FAQ
|