529 Contribution Limits by State

A 529 is a savings plan designed primarily for parents to save for their child’s future educational expenses. The main benefit of a 529 account is that it is not subject to federal taxes on earnings or withdrawals like other savings plans. The map below portrays each state’s maximum balance for a 529 account.  

Related reports include How do People Pay for College? | College Saving Statistics | Financial Aid Statistics | Public Education Spending Statistics

Alabama Contribution Limit

Alabama’s 529 plan is named CollegeCounts. Albama’s CollegeCounts 529 Funds are backed by Fidelity Investments, Vanguard, T. Rowe Price, Dimensional, PIMCO, Dodge & Cox Funds, and PGIM Investments. Contributions can be made via three different categories of investment portfolios.

• The maximum account balance for an Alabama 529 plan is $475,000.
• There is no minimum start up cost to open an Alabama 529 account.
• The Age-based portfolio focuses contributions on the current age of the beneficiary.
• The Target-based portfolio uses a mix of stocks, bonds, and real estate investments ranging from aggressive to conservative strategies.
• The Individual fund portfolio has the most freedom and customization for college 529 savers looking for a specific aggressive or conservative savings strategy.
• Friends and family can make contributions to a 529 account via CollegeCounts GiftED.
• Reward dollars from a CollegeCounts 529 Rewards Visa® Card can be transferred into a 529 account.
• Single filers can deduct up to $5,000 per beneficiary from a 529 plan.
• Joint filers can deduct up to $10,000 per beneficiary from a 529 plan.

For more information on Alabama 529 plans, click here

Alaska Contribution Limit

Alaska529 is partnered with the T. Rowe Price investment firm. There are 3 different types of investment plans used in the Alaska529 plan.

• The maximum account balance for an Alaskan 529 plan is $550,000.
• The minimum start up cost to open an account is $25.
• Contributing half of a Permanent Fund Dividend (PFD) to an Alaskan 529 account will automatically enter an account holder into a $25,000 scholarship sweepstakes.
• The Dash to Save Program offers to contribute $250 depending on eligibility.
• Enrollment-based portfolios use stock and mutual bonds to invest aggressively at the start of the account, but slow down closer to the target date to preserve funds.
• Static portfolios use fixed asset allocations through a mix of stocks, bonds, and money markets.
• The University of Alaska Portfolio offers a tuition-value guarantee if redeemed at the University of Alaska.
• Friends and family can make a gift to a 529 account through GoTuition gifting portal with a minimum of $25.
• There are no applicable tax deductions (no Alaska state income tax).

For more information on Alaska 529 plans, click here

Arizona Contribution Limit

Arizona’s 529 plan is named the AZ529. The AZ529 is backed by Fidelity Investments and Goldman Sachs.

• The maximum account balance for an Arizona 529 plan is $575,000.
• The minimum start up cost to open an account is $15.
• A Fidelity Investment account has no minimum contribution amount.
• If setting up automatic deposits, a Fidelity Investment account requires a $15 monthly minimum.
• A Goldman Sachs 529 account requires an opening minimum contribution of $250.
• If setting up automatic deposits, a Goldman Sachs 529 account requires a $150 opening minimum contribution and $25 monthly.
• Single filers can deduct up to $2,000 from contributions made to the 529 plan.
• Joint filers can deduct up to $4,000 from contributions made to the 529 plan.

For more information on Arizona 529 plans, click here

Arkansas Contribution Limit

The Arkansas 529 plan also known as Arkansas Brighter Future is managed by Vanguard Group, Inc. 3 types of portfolios are offered under the Arkansas 529 plan.

• The Arkansas maximum account balance for a 529 plan is $500,000.
• The minimum start up cost is $25.
• Reward dollars from the Upromise® Mastercard® can be transferred into the 529 account.
• Investment options include a target enrollment portfolio, a custom portfolio, and a savings portfolio, which is a lower-risk option.
• If setting up automatic deposits, minimum payments are $10 per month or $30 per quarter.
• Single filers can deduct up to $5,000 from contributions made to the 529 plan.
• Married spouses filing jointly can deduct up to $10,000.

For more information on Arkansas 529 plans, click here

California Contribution Limit

The California 529 account is named ScholarShare 529. ScholarShare 529 offers 3 different types of portfolios.

• The maximum account balance for a California 529 plan is $529,000.
• There is no minimum start up cost for a 529 plan in California.
• ScholarShare offers enrollment year investment portfolios, risk-based portfolios, and a guaranteed portfolio option.
• Friends and families may contribute a minimum of $25 to a 529 account.
• The Teachers Insurance and Annuity Association or TIAA manages the financial investment planning of ScholarShare 529.
• California offers no tax deductions from 529 contributions.

For more information on California 529 plans, click here

Colorado Contribution Limit

Colorado’s 529 program is named CollegeInvest and has 4 types of available plans.

• The maximum account balance for a Colorado 529 plan is $500,000.
• There is a $25 minimum start up cost and additional contributions can be as low as $15.
• The First Step Program will add $100 when opening an account for beneficiaries under 5 years old and offers to match up to $2,500 over time.
• For the Direct Portfolio, the Stable Value Plus, and the Scholar’s Choice, the minimum contribution required to open a 529 account is $25.
• The minimum for additional contributions range from $0 (Scholar’s Choice) to $25 (Stable Value).
• For the Smart Choice portfolio, there is no minimum to open an account nor to contribute to one.
• Single filers can deduct up to $22,700 per beneficiary from contributions made to the 529 plan.
• Married spouses filing jointly can deduct up to $34,000 per beneficiary.

For more information on Colorado 529 plans, click here

Connecticut Contribution Limit

Connecticut’s 529 program also known as CHET is serviced by Fidelity investments. Fidelity’s plans allow the account owner to either create their own custom investment portfolio or follow Fidelity’s managed age-based portfolios.

• The maximum account balance for a Connecticut 529 plan is $550,000.
• There is no minimum start up cost for a Connecticut 529 account.
• If setting up direct deposit, the minimum amount is $15 monthly. 
• The CHET Baby Scholars Program will add $100 when opening an account for beneficiaries under a year old. 
• The custom plans include static portfolios, individual fund portfolios, and age-based portfolios.
• There are 3 Fidelity managed age-based portfolios, which are Fidelity Funds, Fidelity Blend Funds, and Fidelity Index Funds.
• The Fidelity managed portfolios use a mix of low-cost index funds and/or primarily active funds.
• There is no minimum contribution requirement for friends and family making a gift to a 529 account.
• Single filers can deduct up to $5,000 from contributions made to the 529 plan.
• Joint filers can deduct up to $10,000.

For more information on Connecticut 529 plans, click here

Delaware Contribution Limit

Delaware’s 529 program or DE529 Education Savings Plan is serviced by Fidelity Investments. Fidelity’s plans allow the account owner to either create their own custom investment portfolio or follow Fidelity’s managed age-based portfolios.

• The maximum account balance for a Delaware 529 plan is $350,000.
• There is no minimum deposit to open a Delaware 529 account.
• The First Steps Program offers to match $100 when opening an account for beneficiaries 5 years old and younger.
• The custom plans include static portfolios, individual fund portfolios, and age-based portfolios.
• There are 3 Fidelity managed age-based portfolios, which are Fidelity Funds, Fidelity Blend Funds, and Fidelity Index Funds.
• The Fidelity managed portfolios use a mix of low-cost index funds and/or primarily active funds.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Single filers can deduct up to $1,000 from contributions made to the 529 plan.
• Married spouses filing jointly can deduct up to $2,000.

For more information on Delaware 529 plans, click here

Florida Contribution Limit

Florida’s 529 plan or the Florida Prepaid Plan is serviced by Vanguard, BlackRock, Wellington Management, Eaton Vance, Florida Prime, and Dimensional. The administrator of the program is the Florida Prepaid College Board.

• The maximum account balance for a Florida 529 plan is $418,000.
• There is no minimum deposit to open a Florida 529 account.
• Florida’s 529 plan includes enrollment year portfolios, multi-manager static portfolios, passive static portfolios, and individual fund portfolios.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• A $20 fee will be deducted from the account for any contributions returned due to insufficient funds.
• There are no applicable tax deductions (no Florida state income tax).

For more information on Florida 529 plans, click here

Georgia Contribution Limit

Georgia’s Path2College 529 Plan is managed by the Teachers Insurance and Annuity Association or TIAA. This plan allows for 3 different categories of investment.

• The maximum account balance for a Georgia 529 plan is $235,000.
• There is no minimum start up cost to open a Georgia account.
• The Path2College 529 plan includes an enrollment year investment portfolio, a static investment portfolio, and a principal plus interest investment portfolio.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Any contributions made are after tax.
• Single filers can deduct up to $4,000 from contributions made to the 529 plan.
• Married spouses filing jointly can deduct up to $8,000.

For more information on Georgia 529 plans, click here

Hawaii Contribution Limit

Hawaii’s College Savings Program is called the HI529, which is serviced by Vanguard. Vanguard offers 2 strategies for 529 investment.

• The maximum account balance for a Hawaii 529 plan is $305,000.
• There is a $15 minimum deposit start up cost to open a Hawaii 529 account.
• The HI529 portfolios are either age-based or custom individual portfolios.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Friends and family may contribute to the account through Ugift.
• Reward dollars from the Upromise® Mastercard® can also be transferred into the 529 account.
• Hawaii offers no 529 tax deductions.

For more information on Hawaii 529 plans, click here

Idaho Contribution Limit

Idaho’s 529 account is named ideal or IDeal 529. IDeal 529 offers 3 investment strategies managed by The Vanguard Group, Inc.

• The maximum account balance for an Idaho 529 plan is $500,000.
• The minimum start up cost to open an account is $25.
• With payroll direct deposit, the minimum contribution requirement is $15.
• Reward dollars from the UPromise® Mastercard® can be transferred into the 529 account.
• Friends and family may contribute to the account through Ugift. 
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• IDeal offers target enrollment portfolios, fixed asset allocation portfolios, and savings portfolios.
• Single filers can deduct up to $6,000 per beneficiary from contributions made to the 529 plan.
• Married spouses filing jointly can deduct up to $12,000.

For more information on Idaho 529 plans, click here

Illinois Contribution Limit

Brightstart, the Illinois 529 plan, is serviced by several investment firms including Vanguard, Dimensional, T. Rowe Price, and Dodge & Cox Funds. Brightstart offers 3 different types of investment strategies.

• The maximum account balance for an Illinois 529 plan is $500,000.
• There is no minimum deposit to open a 529 plan.
• The Illinois First Steps Program will add $50 when opening an account for beneficiaries born within the current year.
• Brightstart offers age-based portfolios, target portfolios, and individual portfolios.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Friends and family may contribute gifts through Brightstart’s own GiftED program.
• Single filers can deduct up to $10,000 per beneficiary from contributions made to the 529 plan.
• Joint filers can deduct up to $20,000.

For more information on Illinois 529 plans, click here

Indiana Contribution Limit

The Indiana 529 plan or CollegeChoice529 Direct Savings Plan is serviced by AQR, Dimensional, J.P.Morgan Asset Management, NexBank, Scout Investments, State Street Global Advisors, and Vanguard. Investment strategies include year of enrollment options, individual custom portfolios, and savings portfolios.

• The maximum account balance for an Indiana 529 plan is $450,000.
• There is a $10 minimum to open a 529 account in Indiana.
• Automatic investment plans must contribute at least $10 a month.
• Reward dollars from the UPromise® Mastercard® can be transferred into the 529 account.
• Family and friends can make contributions through Ugift.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• The tax credit is equal to 20% of the contribution made.
• Single filers can deduct up to $750 from contributions made to the 529 plan.
• Couples filing jointly can deduct up to $1,500.

For more information on Indiana 529 plans, click here

Iowa Contribution Limit

The Iowa 529 Plan is managed by the Vanguard Group Inc. Vanguard offers a mix of portfolios, including those high risk or low risk, age-based portfolios, or individual portfolios.

• The maximum account balance for an Iowa 529 plan is $420,000.
• The minimum start up cost to open an account is $25.
• Automatic contributions and check contributions must be at least $25.
• Payroll deductions into a 529 account must be at least $15 each contribution.
• Reward dollars from the UPromise® Mastercard® can be transferred into the 529 account.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account through Ugift.
• Filers can deduct up to $4,028 for each beneficiary from contributions made to the 529 plan.

For more information on Iowa 529 plans, click here

Kansas Contribution Limit

Kansas’s 529 plan is named Learning Quest – a 529 Education Savings Program. Learning Quest is managed by American Century Investment, Inc.

• The maximum account balance for a Kansas 529 plan is $475,000.
• There is no minimum start up cost for a 529 plan in Kansas.
• The K.I.D.S. Matching Grant Program offers matching amounts depending on income requirements. 
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Friends and family can contribute via Ugift. 
• Reward dollars from the UPromise® Mastercard® can be transferred into the 529 account.
• Learning Quest can set up a crowdfunding page for the 529 account.
• Single filers can deduct up to $3,000 from contributions made to the 529 plan.
• Married filers filing jointly can deduct up to $6,000.

For more information on Kansas 529 plans, click here

Kentucky Contribution Limit

Kentucky’s 529 plan is also known as KYSaves529. Portfolios offered under this 529 plan include year of enrollment portfolios, asset allocation portfolios, and capital preservation portfolios.

• The maximum account balance for a Kentucky 529 plan is $450,000.
• There is no minimum start up cost to open an account.
• Checks and electronic contributions must be at minimum $25.
• The minimum contribution required to open a 529 account is $25.
• Reward dollars from the UPromise® Mastercard® can be transferred into the 529 account.
• Kentucky offers no tax deductions from 529 contributions.

For more information on Kentucky 529 plans, click here

Louisiana Contribution Limit

Louisiana’s 529 plan is also known as the Student Tuition Assistance & Revenue Trust program, or the START Saving Program. The Vanguard Group manages the START programs investments.

• The maximum account balance for a Louisiana 529 plan is $500,000.
• The minimum start up cost to open an account is $10.
• The minimum deposit amount is $10 across all forms of contribution.
• Reward dollars from the UPromise® Mastercard® can be transferred into the 529 account.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• There are 3 different types of investment funds offered including fixed earnings, variable earnings, and age-based funds.
• Single filers can deduct up to $2,400 per beneficiary from contributions made to the 529 plan.
• Married filers filing jointly can deduct up to $4,800 per beneficiary.

For more information on Louisiana 529 plans, click here

Maine Contribution Limit

NextGen 529 is the name of 529’s account plan. The manager of NextGen 529 is Black Rock Advisors.

• The maximum account balance for a Maine 529 plan is $545,000.
• The minimum start up cost to open an account is $25.
• Opening an account with at least $25 may earn the account a $100 or $500 grant.
• NextGen 529 offers year of enrollment portfolios, diversified portfolios, single fund portfolios, a principal plus portfolio, and a savings portfolio.
• After the initial $25 start up contribution, there is no longer any contribution minimum.
• Filers can deduct up to $1,000 from contributions made the 529 plan.

For more information on Maine 529 plans, click here

Maryland Contribution Limit

Maryland529 offers a plan managed by the T. Rowe Price Group, the Maryland College Investment Plan. Portfolios offered under this 529 plan include enrollment-based portfolios and fixed portfolio options.

• The maximum account balance for a Maryland 529 plan is $500,000.
• The minimum start up cost to open an account is $25.
• The Maryland College Investment Plan offers a Save4College State Contribution program that may contribute $250 or $500 to a 529 plan.
• Single filers can deduct up to $2,500 per beneficiary from contributions made to the 529 plan for the account holder and any contributors.
• Joint filers can deduct up to $5,000.

For more information on Maryland 529 plans, click here

Massachusetts Contribution Limit

Massachusetts 529 college plan is managed by mefa U.Fund. Mefa U.Fund offers two plans, the U.Fund 529 College Investing Plan and the U.Plan Prepaid Tuition Program.

• The maximum account balance for a Massachusetts 529 plan is $500,000.
• There is no minimum start up cost to open a Massachusetts 529 account.
• For the U.Fund plan, the Baby Steps Savings Plan will add $50 when opening an account for beneficiaries under a year.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Family members who wish to contribute to the 529 account may do so through the U.Fund college gifting program.
• The minimum to open a U.Plan Prepaid Tuition account is $300 to buy the certificate.
• Single filers can deduct up to $1,000 from contributions made to the 529 plan.
• Married couples filing jointly can deduct up to $2,000.

For more information on Massachusetts 529 plans, click here

Michigan Contribution Limit

The Michigan Education Savings Program (mesp) is managed by the Teachers Insurance and Annuity Association (TIAA). Investment options include enrollment year portfolios, guaranteed investment portfolios, multi-fund investment portfolios, and single fund investment portfolios.

• The maximum account balance for a Michigan 529 plan is $500,000.
• The start up cost is $25.
• Subsequent contributions must be at minimum $25 or $15 through payroll direct.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account through Ugift.
• Single filers can deduct up to $5,000 from contributions made to the 529 plan.
• Married spouses filing jointly can deduct up to $10,000.

For more information on Michigan 529 plans, click here

Minnesota Contribution Limit

The MN saves program is managed by the Teachers Insurance and Annuity Association (TIAA). Investment options include enrollment year portfolios, multi-fund investment portfolios, single fund investment portfolios, and principal plus interest investment portfolios.

• Minnesota’s maximum account balance for 529 plans is $425,000.
• The start up cost is $25.
• Subsequent contributions must be at minimum $25 or $15 through payroll direct.
• Family members that wish to contribute to the 529 program may do so though Ugift.
• Single filers can deduct up to $1,500 from contributions made to the 529 plan.
• Married spouses filing jointly can deduct up to $3,000.

For more information on Minnesota 529 plans, click here

Mississippi Contribution Limit

Mississippi’s 529 program is titled the College Savings Mississippi, it is run by the Teachers Insurance and Annuity Association (TIAA). There are two plans offered in Mississsippi’s 529 program, the Mississippi Affordable College Savings Program (MACS) and the Mississippi Prepaid Affordable College Tuition Plan (MPCAT).

• Mississippi’s maximum account balance for 529 plans is $235,000.
• The minimum contribution required to open a MACS account is $25.
• The MACS account offers ten investment options.
• MPACT has a minimum contribution requirement dependent on the beneficiary’s age and university type.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Single filers can deduct up to $10,000 from contributions made to the 529 plan.
• Married couples filing jointly can deduct up to $20,000.

For more information on Mississippi 529 plans, click here

Missouri Contribution Limit

Missouri’s 529 Education Plan is also known as MOST. MOST offers age-based portfolios and individual portfolios.

• Missouri’s maximum account balance for 529 plans is $550,000.
• The minimum start up cost to open an account is $25.
• Recurring contributions such as direct payroll have a minimum requirement of $1.
• Reward dollars from the UPromise® Mastercard® can be transferred into the 529 account.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Family members that wish to contribute to the 529 program may do so though Ugift.
• Single filers can deduct up to $8,000 from contributions made to the 529 plan.
• Married couples filing jointly can deduct up to $16,000.

For more information on Missouri 529 plans, click here

Montana Contribution Limit

Monatana’s 529 plan offers enrollment portfolios, asset allocation portfolios, and individual custom portfolios. These various investment plans are managed by Blackrock Fund Advisors, Dimensional Fund Advisors, Charles Schwab Investment Management, New York Life Insurance Company, and the Vanguard Group.

• Montana’s maximum account balance for 529 plans is $396,000.
• There is a $25 minimum contribution required to open a 529 account from a checking or savings account.
• Gifts through Ugift require a $25 minimum contribution.
• Reward dollars from the UPromise® Mastercard® can be transferred into the 529 account.
• AIP scheduled contributions require at least $25 minimum contribution a month.
• Payroll deductions have a $15 minimum contribution requirement.
• Single filers can deduct up to $3,000 from contributions made to the 529 plan.
• Married couples filing jointly can deduct up to $6,000.

For more information on Montana 529 plans, click here

Nebraska Contribution Limit

Nebraska has the NEST 529 Advisor Plan which offers an age based portfolio, a static based portfolio, and a portfolio for individual funds. Union Bank and Trust serves as the program manager of NEXT 529.

• Nebraska’s maximum account balance for 529 plans is $500,000.
• There is no minimum amount to open a 529 account.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Gifts can be made through NEST’s own program, the NEST GiftED
• There is no specific minimum contribution requirement for payroll direct.
• Single filers can deduct up to $10,000 from contributions made to the 529 plan.
• Married spouses filing jointly can deduct up to $5,000.

For more information on Nebraska 529 plans, click here

Nevada Contribution Limit

Nevada’s College Savings Plans Program offers 5 different 529 plans each run by different investment firms. Future Path 529 plan, Vanguard, USAA, Putnam Investments, and Wealthfront each offer a 529 plan for Nevada.

• Nevada’s maximum account balance for 529 plans is $500,000.
• Several of Nevada’s 529 plans have no minimum contribution amount required to open an account.
• Future Path is one of the few programs that requires an initial $15 minimum contribution.
• USAA’s 529 plan allows the account owner to start at $250 or $50 minimum if they enroll in automatic monthly contributions of $50.
• There are no deductions available through the 529 plan.

For more information on Nevada 529 plans, click here

New Hampshire Contribution Limit

New Hampshire’s 529 Plan offers two different programs, the UNIQUE College Investing Plan and the Fidelity Advisor 529 plan. The UNIQUE program offers age-based and customized portfolios. Fidelity Advisor 529 plan offers aged-based portfolios, static allocation portfolios, individual fund portfolios, and money market portfolios.

• Both programs have the same maximum contribution of $553,098.
• There is no minimum start-up cost for either program.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• There are no applicable tax deductions (no New Hampshire state income tax).

For more information on New Hampshire 529 plans, click here

New Jersey Contribution Limit

NJBEST is New Jersey’s 529 college savings plan. It is managed and distributed by Franklin Distributors LLC.

• New Jersey’s maximum account balance for 529 plans is $305,000.
• The minimum start up cost to open an account is $25.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• The start up cost is $25 due to the Automatic Investment Plan (AIP).
• NJBEST allows crowdfunding through Spryng.
• New NJBEST accounts may receive a one time grant of $750 for the first initial deposit.
• Filers may deduct up to $10,000 if their gross income is $200,000 or less.

For more information on New Jersey 529 plans, click here

New Mexico Contribution Limit

New Mexico’s Education Plan is managed by Ascensus College Savings Recordkeeping Services LLC. New Mexico’s 529 offers allocation, individual, and year of enrollment portfolios.

• New Mexico’s maximum account balance for 529 plans is $500,000.
• A $1 minimum is required to open a 529 account.
• Friends and family can contribute via Ugift.
• There is a minimum contribution requirement of $25 for friends and family making a gift to a 529 account.
• New Mexico is one of the states where every dollar contributed to a 529 plan is deductible.

For more information on New Mexico 529 plans, click here

New York Contribution Limit

NY’s 529 College Savings Program is serviced by the Vanguard Group Inc. NY’s 529 plan offers target enrollment and customized individual portfolios.

• New York’s maximum account balance for 529 plans is $520,000.
• There is no minimum deposit to open a 529 plan.
• Gift contributions made via Ugift have a $1 minimum contribution.
• Single filers can deduct up to $5,000 from contributions made to the 529 plan.
• Married spouses filing jointly can deduct up to $10,000.

For more information on New York 529 plans, click here

North Carolina Contribution Limit

North Carolina’s 529 plan offers age-based portfolios and individual customized portfolios. Vanguard Group Inc. manages North Carolina’s 529 portfolios.

• North Carolina’s maximum account balance for 529 plans is $540,000.
• The start up cost is $25 along with any additional contributions.
• The minimum contribution requirement is $25 for friends and family making a gift to a 529 account.
• The portfolios offered range from aggressive to moderate to conservative in their investment strategies.
• North Carolina does not offer 529 deductions available.

For more information on North Carolina 529 plans, click here

North Dakota Contribution Limit

North Dakota’s 529 plan offers aged-based and customized individual portfolios. Ascensus Broker Dealer Services managers North Dakota’s 529 plans.

• North Dakota’s maximum account balance for 529 plans is $269,000.
• The minimum start up cost to open an account is $25.
• Recurring contributions require a minimum investment of $25 a month.
• Reward dollars from the UPromise® Mastercard® can be transferred into the 529 account.
• Friends and family can use Ugift or simply write out a check to contribute to the account with a minimum of $25.
• 529 accounts may be eligible for one of three match programs that awards $100 to $300.
• Single filers can deduct up to $5,000 from contributions made to the 529 plan.
• Married spouses filing jointly can deduct up to $10,000.

For more information on North Dakota 529 plans, click here

Ohio Contribution Limit

Ohio’s 529 college advantage plan is managed by investment firms including Vanguard, Dimensional Fund Advisors, Fifth Third Bank, and Black Rock. Portfolio types include age based, risk based, and individual customized portfolios.

• Ohio’s maximum account balance for 529 plans is $462,000.
• The minimum start up cost to open an account is $25.
• Friends and family can use Ugift to contribute to the account.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• The minimum contribution required to open a CD is $500.
• Filers can deduct up to $4,000 deduction per beneficiary with unlimited carry forward.
• If the tax filer contributed $8,000 to a beneficiary in one year, they are entitled to another $4,000 deduction the next tax year.

For more information on Ohio 529 plans, click here

Oklahoma Contribution Limit

Okahoma’s 529 plan offers enrollment year and risk based portfolios. Oklahoma’s 529 plan is run by the Teachers Insurance and Annuity Association (TIAA).

• Oklahoma’s maximum account balance for 529 plans is $450,000.
• The minimum start up cost to open an account is $25.
• Recurring payroll deductions require a minimum contribution of $25.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Contributions that would cause the account to go over the maximum limit will be rejected and returned except for general increases in market value of investments.
• Single filers can deduct up to $10,000 from contributions made to the 529 plan.
• Married spouses filing jointly can deduct up to $20,000.

For more information on Oklahoma 529 plans, click here

Oregon Contribution Limit

Oregon’s 529 plan offers static and college enrollment year portfolios. Sumday Administration LLC is the Oregon College Savings Plan plan manager.

• Oregon’s maximum account balance for 529 plans is $400,000.
• The minimum start up cost to open an account is $25.
• Recurring monthly payments can be as little as $5.
• Gift contributions must be at least $5.
• Gift contributions cannot exceed $15,000 per transaction.
• 529 accounts may be eligible for match programs that awards $25 to $250.
• Up to $170 can be deducted for single filers who make under $30k annually.
• Up to $340 can be deducted for couples filing jointly who make under $30k annually.
• For single filers making $30k to $70k annually, they must contribute at least $340 in order to receive $150 tax credit.
• For joint filers making $30k to $70k annually, they must contribute at least $680 to receive $300 tax credit.

For more information on Oregon 529 plans, click here

Pennsylvania Contribution Limit

Pennsylvania shortened their 529 plan to PA529. The Vanguard Group manages PA529’s portfolios.

• Pennsylvania’s maximum account balance for 529 plans is $511,758.
• There is no minimum start up cost to open a Pennsylvania 529 account.
• The Keystone Scholars Program will add $100 when opening an account for beneficiaries born in and after 2019.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account
• Vanguard offers two types of portfolios, the guaranteed investment plan and guaranteed savings plan.
• SAGE Tuition Rewards and Upromise programs offer money that can be used in 529 accounts.
• Single filers can deduct up to $17,000 from contributions made to the 529 plan.
• Married spouses filing jointly can deduct up to $34,000.

For more information on Pennsylvania 529 plans, click here

Rhode Island Contribution Limit

Rhode Island’s 529 plan is managed by the Ascensus College Savings Recordkeeping Services, LLC. They offer age-based, target risk, and customized individual portfolios.

• Rhode Island’s maximum account balance for 529 plans is $520,000.
• There is no minimum start up cost for a 529 plan in Rhode Island.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account
• Friends and family can use Ugift to contribute to the account.
• Single filers can deduct up to $500 from contributions made to the 529 plan.
• Married spouses filing jointly can deduct up to $1,000.

For more information on Rhode Island 529 plans, click here

South Carolina Contribution Limit

Future Scholar is South Carolina’s 529 plan. Plans offered include age based, target-allocation, and single fund portfolios.

• South Carolina’s maximum account balance for 529 plans is $540,000.
• Friends and family can send contributions via check or through eGift invitations.
• E-gift contributions have a minimum requirement of $25.
• There are no minimum requirements for check contributions.
• South Carolina is one of the states where every dollar contributed to a 529 plan is deductible.

For more information on South Carolina 529 plans, click here

South Dakota Contribution Limit

CollegeAccess529 is South Dakota’s 529 plan. It offers age based, static, and individual investment portfolios. CollegeAccess529 for South Dakota is services by VIRTUS Investment Partners.

• South Dakota’s maximum account balance for 529 plans is $350,000.
• There is a $1,000 minimum investment and $250 per investment portfolio chosen.
• There is also a $50 minimum for each subsequent contribution.
• There are no applicable tax deductions (no South Dakota state income tax).

For more information on South Dakota 529 plans, click here

Tennessee Contribution Limit

TNSTARS is Tennessee’s 529 plan. It includes self-selected portfolios and age-based portfolios. Vanguard, Primecap, DoubleLine, and First TN offer several mutual funds as investment strategies for TNSTARS.

• Tennessee’s maximum account balance for 529 plans is $350,000.
• The minimum start up cost to open an account is $25.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Friends and family can use Ugift to contribute to the account.
• Systematic reallocation involves reallocating money from one investment account into another. Systematic reallocation into a 529 account requires a minimum of $5,000 from the original investment account
• There are no applicable tax deductions (no Tennessee state income tax).

For more information on Tennessee’s 529 plans, click here

Texas Contribution Limit

Texas’ 529 plan is managed by Orion Advisor Solutions, LLC. Texas 529 plan offers age-based, risk-based, and individual asset portfolios.

• Texas’ maximum account balance for 529 plans is $500,000.
• The minimum for the initial start-up contribution and subsequent contributions is $25.
• The minimum contribution requirement is $15 if an automatic investment plan is used.
• The minimum contribution requirement is $25 for friends and family making a gift to a 529 account.
• There are no applicable tax deductions (no Texas state income tax).

For more information on Texas’ 529 plans, click here

Utah Contribution Limit

My529 is Utah’s state plan that is managed by Vanguard Group, Dimensional Fund Advisors, and Pacific Investment Management Company. My529 plan offers target enrollment date, static options, customized age-based, and customized static options.

• Utah’s maximum account balance for 529 plans is $560,000.
• The maximum limit of $560,000 is the estimated cost for 4 years of undergraduate college and 2 years of graduate school.
• There is no minimum deposit to open a Utah 529 account.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Single filers can deduct up to $2,290 from contributions made to the 529 plan.
• Joint filers can deduct up to $4,580.

For more information on Utah’s 529 plans, click here

Vermont Contribution Limit

VT 529 is the name of the Vermont 529 plan managed by Intuition College Savings Solutions, LLC. VT 529 plan offers a managed allocation portfolio, diversified equity portfolio, equity index portfolio, balanced portfolio, fixed income portfolio, and principal plus interest portfolio.

• Vermont’s maximum account balance for 529 plans is $550,000.
• The minimum start up cost to open an account is $25.
• There is a $25 minimum per automatic and one time contribution.
• There is a $15 minimum for payroll deduction contributions.
• The account balance can grow beyond the maximum based on asset value and earnings, but additional contributions will be rejected.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Single filers can deduct up to $250 per beneficiary for the first $2,500 contributed.
• Joint filers can deduct up to $500 per beneficiary for the first $5,000 contributed.

For more information on Vermont’s 529 plans, click here

Virginia Contribution Limit

Virginia529 offers several different portfolios including target enrollment, index, target risk, principal protected, and specialty portfolios. Speciality portfolios include investment options like ESG Core equity and Global Equity portfolios.

• Virginia’s maximum account balance for 529 plans is $550,000.
• The minimum start up cost to open an account is $10.
• Friends and families contributing money to the 529 via gift cards may receive a convenience fee.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• In order to receive a gift contribution, the owner of the account must share an anonymous Gift ID.
• Filers can deduct up to $4,000 annually.
• Excess contributions that would result in more deductions can be carried over to the next year.

For more information on Virginia’s 529 plans, click here

Washington Contribution Limit

WA529 includes two programs, the Guaranteed Education Tuition (GET) and the Dream Ahead College Investment Plan. The GET program prepays for college tuition, while the Dream Ahead program is a traditional investment style 529.

• Washington’s maximum account balance for 529 plans is $500,000.
• The minimum contribution required to open a Dream Ahead account is $25.
• There is a $5 minimum of all ongoing transfers.
• Contribution to the GET program is dependent on the current cost of tuition.
• A person can open two separate accounts under both programs.
• There are no applicable tax deductions (no Washington state income tax).

For more information on Washington’s 529 plans, click here

West Virginia Contribution Limit

SMART529 is West Virginia’s 529 plan. It offers aged-based, static, and customized individual portfolios. SMART529 is available to non-West Virginia residents, but requires minimum contributions and annual maintenance fees.

• West Virginia’s maximum account balance for 529 plans is $550,000.
• West Virginia residents have no minimum investment requirement nor a minimum requirement for subsequent contributions.
• The program is administered by the Hartford Funds Management Company.
• There is no specific minimum contribution requirement for friends and family making a gift through Ugift.
• Reward dollars from the UPromise® Mastercard® can be transferred into the 529 account.
• West Virginia is one of the states where every dollar contributed to a 529 plan is deductible.  

For more information on West Virginia’s 529 plans, click here

Wisconsin Contribution Limit

Wisconsin’s 529 plan, Edvest, offers enrollment year, multi-fund, single fund, and principal plus Interest investment portfolios.

• Wisconsin’s maximum account balance for 529 plans is $567,500.
• The minimum start up cost to open an account is $25.
• Friends and family can use Ugift to contribute to the account.
• There is no specific minimum contribution requirement for friends and family making a gift to a 529 account.
• The account balance can grow beyond the maximum based on asset value and earnings, but additional contributions will be rejected.
• The maximum deductible is $4,000 per beneficiary if filing alone or married spouses filing jointly.
• The maximum deductible is $2,000 per beneficiary if filing separately.

For more information on Wisconsin’s 529 plans, click here

Wyoming Contribution Limit

Wyoming does not have a 529 plan.