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.