This tool is provided for general informational purposes only and does not constitute tax or legal advice. While we make reasonable efforts to maintain the accuracy of the data presented, state tax laws, contribution limits, and deductibility rules are subject to legislative change at any time without notice. Consequently, there may be periods where the information displayed does not reflect the most current state regulations. This tool may not account for specific nuances such as carry-forward provisions, recapture rules (penalties for non-qualified withdrawals or rollovers), or income-based phaseouts.
Important Note on Home State Benefits: Investors should consider before investing whether their or their designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program. Investing in a 529 plan outside of your state of residence may result in the loss of these state-specific tax deductions or credits. You should independently verify all information and consult with a qualified tax professional or CPA to understand how these rules apply to your specific tax situation before making any contributions.
