Do 529 contributions qualify for state tax deductions?

In more than 30 US states, residents who contribute to their home state's 529 plan receive a state income tax deduction or tax credit.

Updated: August 2026 • Verified v1.2

529 College Savings Plan Growth & Tuition Coverage Calculator

Finance & MathPopular

Local Browser Execution: Your input is processed locally in your browser and is not sent to UTL servers.

FV = PV*(1+r/12)^(12*y) + PMT*(((1+r/12)^(12*y) - 1)/(r/12)); Coverage = (FV / Target_Tuition) * 100

Was this calculation helpful?

Understanding Your Results

Calculates future 529 portfolio value at high school graduation, total out-of-pocket deposits, compound investment earnings, and percentage of target 4-year college tuition covered.

Practical Guidance & Next Steps

Earnings in a 529 plan grow 100% federal and state tax-free when withdrawn for qualified education expenses, and up to $35,000 in unused funds can be rolled into a Roth IRA under SECURE 2.0.

What is this?

An education wealth planning utility that projects tax-advantaged 529 college savings growth and tuition coverage.

How does it work?

1. Enter child's age, college age, current 529 balance, and monthly deposit. 2. Enter expected annual return (e.g. 7%) and target 4-year university budget. 3. View projected fund value, tax-free earnings, and tuition readiness percentage.

Why use it?

Reveals whether current savings habits will fully cover future college costs before tuition bills arrive.

Technical Scope & Calculation Limitations

Assumes consistent monthly deposits and steady compound annual returns.

Frequently Asked Questions

Under the SECURE 2.0 Act, up to $35,000 of unused 529 funds can be rolled over tax-free and penalty-free directly into the beneficiary's Roth IRA (subject to annual contribution limits and account age requirements).

Windows Desktop & Widget Options