MASSACHUSETTS 529 PLAN · TAX YEAR 2026
Massachusetts 529 tax deduction calculator
Massachusetts lets you deduct up to $1,000 of contributions to Massachusetts's 529 plan, or $2,000 on a joint return. A single filer with $75,000 of wages who contributes $5,000 saves $50 of Massachusetts tax.
State tax saved
- Massachusetts tax saved
- $50.00
- Deduction
- $1,000.00
- Deduction limit
- $1,000.00
- Massachusetts tax before
- $3,430.00
- Massachusetts tax after
- $3,380.00
Massachusetts tax saved by contribution
With $75,000 of wages and one beneficiary.
| Contribution | Single | Married filing jointly |
|---|---|---|
| $1,000 | $50 | $50 |
| $5,000 | $50 | $100 |
| $10,000 | $50 | $100 |
| $20,000 | $50 | $100 |
Massachusetts 529 tax questions
Does Massachusetts have a 529 tax deduction?
Yes. Massachusetts lets you deduct up to $1,000 of contributions to Massachusetts's 529 plan, or $2,000 on a joint return.
How much does a $5,000 529 contribution save in Massachusetts?
$50 of Massachusetts tax for a single filer with $75,000 of wages, and $100 for a married couple filing jointly with the same income.
Which 529 plans qualify for Massachusetts's deduction?
Contributions to the U.Fund or U.Plan, Massachusetts's plans run by MEFA.
Is a 529 contribution deductible on the federal return?
No. Contributions to a 529 plan aren't deductible on the federal return. Earnings grow tax-free, and withdrawals for qualified education expenses aren't taxed; part of the earnings is taxed when withdrawals exceed those expenses.
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.