529 State Tax Deduction Calculator

One of the many important factors to consider when selecting a 529 plan is whether or not your state offers a tax deduction or credit for contributions made to the in-state plan. The 529 State Tax Deduction Calculator helps you quantify the value of your state's tax deduction or credit applied over your investment horizon, given your planned contributions, taxable income and filing status. This will allow you and your advisor to assess the relative importance of this particular factor in choosing a 529 college savings plan, in light of other important factors such as plan investment performance, contribution limits, and additional plan features.

The Calculator allows you to compare investments in an in-state 529 plan that offers a tax deduction or credit to investments in an out-of-state plan where the deduction or credit is not available, illustrating the impact of the potential tax benefit relative to potential plan performance.

Planned Contribution This Year*:    $
Subsequent Annual Contributions*:    $
  * This calculator does not take federal gift tax exclusions into account.
Years Until College:      
State of Residence:      
Filing Status:      Married/Joint     Single  
Taxable Income:    $
Estimated Annual Rate of Return:        %
First State:      
Second State:      
  * Denotes states allowing deductible or creditable
  in-state plan contributions for state residents
If you would like to personalize your report, please enter the information below:

  Client     Financial Advisor
Full Name   Full Name
      Address 1
      Address 2
      State Zip
      Phone #

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The above calculator is powered and maintained by Wealth Management Systems Inc.

IMPORTANT: The projections or other information generated by this calculator regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. These calculations assume a hypothetical fixed average rate of return that is for illustrative purposes and is not intended to depict or predict the performance of any specific investment for any period of time. The calculation does not account for changes in capital value, but does include potential tax obligations as noted. These calculations are not recommendations, for which an investment professional should be consulted. Results may vary with each use and over time.