COLORADO 529 PLAN · TAX YEAR 2026
Colorado 529 tax deduction calculator
Colorado lets you deduct up to $26,200 per beneficiary of contributions to Colorado's 529 plan, or $39,200 on a joint return. A single filer with $75,000 of wages who contributes $5,000 saves $220 of Colorado tax.
State tax saved
- Colorado tax saved
- $220.00
- Deduction
- $5,000.00
- Deduction limit
- $26,200.00
- Colorado tax before
- $2,591.60
- Colorado tax after
- $2,371.60
Colorado tax saved by contribution
With $75,000 of wages and one beneficiary.
| Contribution | Single | Married filing jointly |
|---|---|---|
| $1,000 | $44 | $44 |
| $5,000 | $220 | $220 |
| $10,000 | $440 | $440 |
| $20,000 | $880 | $880 |
Colorado 529 tax questions
Does Colorado have a 529 tax deduction?
Yes. Colorado lets you deduct up to $26,200 per beneficiary of contributions to Colorado's 529 plan, or $39,200 on a joint return.
How much does a $5,000 529 contribution save in Colorado?
$220 of Colorado tax for a single filer with $75,000 of wages, and $220 for a married couple filing jointly with the same income.
Which 529 plans qualify for Colorado's deduction?
Only CollegeInvest plans. Contributions to other states' plans do not qualify.
When must Colorado 529 contributions be made?
By December 31. A nonqualified withdrawal, or a rollover to another state's plan, is added back to Colorado income.
What the calculator leaves out
The calculator assumes the contribution goes to a plan that qualifies for the state's benefit: the state's own plan unless the state accepts any 529 plan. Wages are the only income, and they stand in for the income a state tests against its limits. Per-beneficiary limits assume the contribution is split evenly. Federal tax does not change, because 529 contributions aren't federally deductible. Carryforwards of earlier contributions, recapture on nonqualified withdrawals and city or school district taxes are left out.