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.RowePrice, 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 $500,000.
• 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 also 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.RowePrice 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 $475,000.
• 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.
• 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.
• No minimum contribution requirement for friends and family making a gift to a 529 account.
• Alaska has no state income tax – no tax deductions are applicable.

For more information on Alaska 529 plans, click here

Arizona Contribution Limit

Arizona’s 529 plan is named the AZ529. The AZ 529 is backed by College Savings Bank, Fidelity Investments, and Ivy Investments.

• The maximum account balance for an Arizona 529 plan is $531,000.
• The minimum start-up cost to open an account is $15.
• A Fidelity Investment account requires a minimum of $15 per month if the account is signed up for automatic investments.
• An Ivy Investment account requires an opening minimum contribution of $250 per portfolio.
• An Ivy Investment account that uses automatic investment services (AIS) requires a minimum investment of $150 per portfolio.
• A College Savings Bank account requires either a $250 initial contribution requirement.
• Or it can be opened with a $25 automatic monthly deposit.
• 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 Gift529 is managed by Vanguard Group, Inc. 3 types of portfolios are offered under the Gift529 plan.

• Arkansas’s maximum account balance for a 529 plan is $500,000.
• The minimum start-up cost is $25.
• Gift529 offers an age-based portfolio, a custom portfolio, or a specific portfolio called a GIFT Plan Savings portfolio.
• A one-time contribution of $25 is needed to open an account.
• Or $10 a month through an automatic investment plan or $30 per quarter.
• Or $5 per pay period through payroll direct deposit.
• $5,000 deductible for single filers.
• $10,000 deductible for married spouses filing jointly.

For more information on Arkansas 529 plans, click here

California Contribution Limit

The California 529 account is named ScholarShare 529. ScholarShare 529 offers 4 different types of portfolios.

• The maximum account balance for a California 529 is $529,000.
• There is no minimum start-up cost for a 529 plan in California.
• Scholarshare offers an Enrollment Year Investment Portfolio, a Muti-fund Investment Portfolio, a Single-Fund Investment Portfolio, 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 has different contribution minimums depending on the investment plan used. There are 4 types of plans available.

• The maximum account balance for a Colorado 529 plan is $500,000.
• There is a $25 minimum start-up cost, additional contributions can be as low as $15.
• For the Direct Portfolio, the Stable Value Plus, and the Scholar’s Choice, the minimum contribution required to open a 529 account is $25.
• Additional contributions can be as low as $15 with payroll direct deposit.
• Without payroll direct deposit, subsequent contributions must be at least $25.
• For the Smart Choice portfolio, there is no minimum to open an account or contribute to one.
• $5,000 deductible for single filers.
• $10,000 deductible for married spouses filing jointly.

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 predetermined asset allocation.

• The maximum account balance for a Connecticut 529 plan is $550,000.
• There is no minimum start-up cost for a Connecticut 529 account.
• The custom plans include static portfolios, bank deposit portfolios, individual fund portfolios, and age-based portfolios.
• There are 3 Fidelity managed portfolios – 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.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Single filers can deduct up to $5,000.
• 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 predetermined asset allocation.

• The maximum account balance for a Delaware 529 plan is $350,000.
• There is no minimum deposit to open a Delaware 529 account.
• The custom plans include static portfolios, bank deposit portfolios, individual fund portfolios, and age-based portfolios.
• There are 3 Fidelity managed portfolios – 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.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Delaware offers no 529 tax deductions.

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 Age-based portfolios, Multi-manager static portfolios, Passive static portfolios, and Individual fund portfolios.
• 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.
• No state income tax – no 529 deductions applicable.

For more information on Florida 529 plans, click here

Georgia Contribution Limit

The 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, or a principal plus interest investment portfolio.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Any contributions made are after tax.
• $4,000 deduction for single filers.
• $8,000 deduction for joint filers.

For more information on Georgia 529 plans, click here

Hawaii Contribution Limit

Hawaii’s College Savings Program is called the HI529 – 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.
• 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.
• 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.

• 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.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Ideal offers age-based portfolios, fixed asset allocation portfolios, or savings portfolios.
• $6,000 deduction for single filers.
• $12,000 deduction for joint filers.

For more information on Idaho 529 plans, click here

Illinois Contribution Limit

Brightstart, Illinois 529 plan, is serviced by several investment firms including Vanguard, Dimensional, T.RowePrice, 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.
• Brightstart offers age-based portfolios, target portfolios, and individual portfolios.
• 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.
• $10,000 for individual filers.
• $20,000 for couples filing jointly.

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.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Family and friends can make contributions online or by a check through Ugift.
• The tax credit is equal to 20% of the contribution made.
• Couples filing jointly can get a maximum state income tax credit of up to $1,000 annually.
• Single filers can get up to $500 maximum.

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 – 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.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Automatic contributions and check contributions must be at least $25.
• Payroll deductions into a 529 account must be at least $15 for each contribution.
• Deductions up to $3,785 for each beneficiary.

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 $450,000.
• There is no minimum start-up cost for a 529 plan in Kansas.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Friends and family can contribute via Ugift or Upromise.
• Learning Quest can also set up a crowdfunding page for the 529 account.
• Single filers can deduct up to $3,000 annually.
• Married filers filing jointly can deduct up to $6,000 annually.

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.
• The minimum start-up cost to open an account is $25.
• Checks and electronic contributions must be at a minimum of $25.
• The minimum contribution required to open a 529 account is $25.
• Contributions directly from an employee’s paycheck must be at a minimum of $15.
• 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.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account.
• The minimum deposit amount is $10 across all forms of contribution.
• There are 5 different types of investment funds offered to owners of a START plan.
• Single filers can deduct up to $2,400 annually per beneficiary.
• Married filers filing jointly can deduct up to $4,800 annually 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 investment manager of NextGen 529 is Black Rock Advisors.

• The maximum account balance for a Maine 529 plan is $520,000.
• 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 an age-based portfolio, a diversified portfolio, a single fund portfolio, a principal plus portfolio, and a savings portfolio.
• After the initial $25 start-up contribution, there is no longer any contribution minimum.
• Maine offers no 529 tax deductions.

For more information on Maine 529 plans, click here

Maryland Contribution Limit

Maryland529 offers two plans, one of which is managed by the T. Rowe Price Group. The first plan is the Maryland Prepaid College Trust which opened in 1998. The second plan managed by the T. Rowe Price Group is the Maryland College Investment Plan.

• The maximum account balance for a Maryland 529 plan is $500,000.
• The minimum start-up cost to open an account is $25.
• The Prepaid College Trust plan has no minimum contribution – the College Investment Plan has a $25 minimum start-up contribution.
• The Maryland College Investment Plan offers a program that may contribute $250 or $500 to a 529 plan.
• An applicant can choose to invest in both plans.
• $2,500 deduction per beneficiary for the account holder and any contributors.
• $5,000 for joint filers.

For more information on Maryland 529 plans, click here

Massachusetts Contribution Limit

Massachusetts 529 college plan is managed by mefa UFUND. Mefa UFUND 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.
• 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 accounts may do so through Fidelity’s 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 annually.
• Married couples filing jointly can deduct up to $2,000 annually.

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, or single-fund investment portfolios.

• The maximum account balance for a Massachusetts 529 plan is $500,000.
• The start-up cost is $25.
• Subsequent contributions must be at a minimum of $25 or $15 through payroll direct.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account.
• $5,000 deduction for a single filer.
• $10,000 deduction if married and filing jointly.

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, or 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 a minimum of $25 or $15 through payroll direct.
• Family members that wish to contribute to the 529 programs may do so through Ugift.
• $1,500 deduction for a single filer.
• $3,000 deduction if married and filing jointly.

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 Mississippi’s 529 programs, 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.
• MPACT has a minimum contribution requirement dependent on the beneficiary’s age.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account.
• Single filers can deduct up to $10,000 annually.
• Married couples filing jointly can deduct up to $20,000 annually.

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.
• 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 programs may do so through Ugift.
• Single filers can deduct up to $8,000 annually.
• Married couples filing jointly can deduct up to $16,000 annually.

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 and Dimensional Fund Advisors.

• 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 Upromise require a $25 minimum contribution.
• AIP scheduled contributions require at least a $25 minimum contribution a month.
• Payroll deductions have a $15 minimum contribution requirement.
• Ugift contributions have a $15 minimum contribution requirement.
• Single filers can deduct up to $3,000 annually.
• Married couples filing jointly can deduct up to $6,000 annually.

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.
• No minimum amount to open a 529 account.
• 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
• No specific minimum contribution requirement for payroll direct.
• $5,000 deduction for single filers.
• $10,000 deduction for couples filing jointly.

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. SSgA Upromise529, Vanguard, USAA, Putnam Investments, and Wealthfront each offer a 529 plan for Nevada.

• Nevada’s maximum account balance for 529 plans is $500,000.
• There are several 529 plans offered in Nevada – several have no minimum contribution amount required to open a 529 account.
• SSgA is one of the few programs that require 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.
• No deductions are 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 – $553,098.
• There is no minimum start-up cost for either program.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account.
• No state income tax – no deductions applicable.

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 $300,000.
• The minimum start-up cost to open an account is $25.
• 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 so long as 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 used to open a 529 account.
• Friends and family can contribute via Ugift.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account.
• New Mexico is one of 4 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 age-based, 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.
• Investments through Upromise have a minimum transfer amount.
• Contributions made in foreign currencies or from foreign banks of over $100 will not be accepted.
• $5,000 deduction for single filers.
• $10,000 deduction for couples filing jointly.

For more information on New York 529 plans, click here

North Carolina Contribution Limit

North Carolina’s 529 plan offers age-based portfolios or individually 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.
• No specific minimum contribution requirement 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.
• No 529 deductions are 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 or $75 a month.
• Friends and family can use Ugift or simply write out a check to contribute to the account.
• 529 accounts may be eligible for a match program that awards $100 to $300.
• $5,000 deduction for single filers.
• $10,000 deduction for couples filing jointly.

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.
• 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.
• 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.
• 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 the market value of investments.
• $10,000 deduction for single filers.
• $20,000 deduction for couples filing jointly.

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 as well.
• Gift contributions cannot exceed $15,000 per transaction.
• $150 income tax credit for single filers who make under $30k annually.
• $300 income tax credit for couples filing jointly who make under $30k annually.
• For single filers making $30k to $70k annually, they must contribute at least $300 in order to receive a $150 tax credit.
• For joint filers making $30k to $70k annually, they must contribute at least $600 to receive a $300 tax credit.
• For single filers making $70k to $100k annually, they must contribute at least $600 to receive a $150 tax credit.
• For joint filers making $70k to $100k annually, they must contribute at least $1,200 to receive a $300 tax credit.

For more information on Oregon 529 plans, click here

Pennsylvania Contribution Limit

Pennsylvania shortened its 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.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account
• Vanguard offers two types of portfolios – Individually customized portfolios and target enrollment portfolios.
• SAGE Tuition Rewards and Upromise programs offer money that can be used in 529 accounts.
• $17,000 deduction for single filers.
• $34,000 deduction for couples filing jointly.

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.
• 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.
• Ugift is also managed by Ascensus Broker Dealer Services, LLC.
• $500 deduction for single filers.
• $1,000 deduction for couples filing jointly.

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 or 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 4 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 serviced by VIRTUS Investment Partners.

• South Dakota’s maximum account balance for 529 plans is $350,000.
• $1,000 minimum investment.
• $250 per investment portfolio chosen.
• $50 minimum for each subsequent contribution.
• No state income tax – no 529 deductions applicable.

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.
• 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.

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, static, and individual fund portfolios.

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

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.

• Utah’s maximum account balance for 529 plans is $540,000.
• There is no minimum deposit to open a Utah 529 account.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account.
• The account balance can grow beyond $525,000 based on asset value and earnings, but additional contributions will be rejected.
• $2,130 tax deduction for single filers.
• $4,260 tax deduction for joint filers.

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

Vermont Contribution Limit

VT 529 is the name of the Vermont 529 plan – it is managed by Intuition College Savings Solutions, LLC. No specific minimum contribution requirement for friends and family making a gift to a 529 account.

• 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.
• For single filers a tax credit of up to $250 per beneficiary for the first $2,500 contributed.
• For joint filers, a tax credit of 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. Specialty 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.
• No specific minimum contribution requirement for friends and family making a gift to a 529 account.
• There is no maximum limit to gift contribution so long as it doesn’t exceed the account balance maximum.
• In order to receive a gift contribution, the owner of the account must share an anonymous Gift ID.
• Filers may 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.
• Contribution to the GET program is dependent on the current cost of tuition.
• A person can open two separate accounts under both programs.
• No state income tax – no deductions applicable.

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.
• Out-of-resident investors must pay an initial investment of at least $250 and subsequent investments must be at least $25.
• The program is administered by the Hartford Funds Management Company.
• West Virginia is one of 4 states where every dollar contributed to a 529 plan is deductible.
• $17,000 tax deductible for single filers.
• $34,000 tax deductible for married couples.  

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

Wisconsin Contribution Limit

Wisconsin’s 529 plan is Edvest, it offers enrollment year, multi-fund, single-fund, and stable principal investment portfolios.

• Wisconsin’s maximum account balance for 529 plans is $545,500.
• The minimum start-up cost to open an account is $25.
• Friends and family can use Ugift to contribute to the account.
• 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.
• $1,930 deductible per beneficiary if filing alone.
• $3,860 deductible per beneficiary if married and filing jointly.

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

Wyoming Contribution Limit

Wyoming does not have a 529 plan.