529 State Tax Deduction Calculator

Since state tax treatment of 529 Plans varies, one of the many important factors to consider when selecting a 529 Plan is whether a state offers a tax deduction or credit for contributions to that state's own plan. This calculator allows you to compare contributions made to an in-state 529 Plan that offers a tax deduction or credit to contributions made to an out-of-state 529 Plan where the deduction or credit does not apply, thus illustrating the effectiveness of the 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
      Company
      Address 1
      Address 2
      City
      State Zip
      Phone #
      Email
 
 

 

The above calculator is powered and maintained by DST Systems, Inc. OppenheimerFunds Inc. is not responsible for the operation of DST Systems, Inc, as the content is solely maintained by them.

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.

Investments in 529 college savings plans are neither FDIC insured nor guaranteed and may lose some value. Some states offer favorable tax treatment to their residents only if they invest in the state's own plan. You should consult your tax advisor. Before investing in a plan, investors should carefully consider the investment objectives, risks, charges and expenses associated with municipal fund securities. Plan disclosure documents contain this and other information about a plan, and may be obtained by asking your financial advisor, by visiting our website at www.oppenheimerfunds.com or by calling 1.800.525.7048. Investors should read these documents carefully before investing.

529 plans managed by OppenheimerFunds, Inc are distributed by OppenheimerFunds
Distributor, Inc., Member NASD, SIPC
Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008
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© 2019 DST Systems, Inc.