NEBRASKA 529 PLAN · TAX YEAR 2026
Nebraska 529 tax deduction calculator
Nebraska lets you deduct up to $10,000 of contributions to Nebraska's 529 plan. A single filer with $75,000 of wages who contributes $5,000 saves $228 of Nebraska tax.
State tax saved
- Nebraska tax saved
- $227.50
- Deduction
- $5,000.00
- Deduction limit
- $10,000.00
- Nebraska tax before
- $2,532.96
- Nebraska tax after
- $2,305.46
Nebraska tax saved by contribution
With $75,000 of wages and one beneficiary.
| Contribution | Single | Married filing jointly |
|---|---|---|
| $1,000 | $46 | $46 |
| $5,000 | $228 | $228 |
| $10,000 | $455 | $432 |
| $20,000 | $455 | $432 |
Nebraska 529 tax questions
Does Nebraska have a 529 tax deduction?
Yes. Nebraska lets you deduct up to $10,000 of contributions to Nebraska's 529 plan.
How much does a $5,000 529 contribution save in Nebraska?
$228 of Nebraska tax for a single filer with $75,000 of wages, and $228 for a married couple filing jointly with the same income.
Which 529 plans qualify for Nebraska's deduction?
Contributions to NEST, the Nebraska Educational Savings Plan Trust.
Can Nebraska 529 contributions above the limit be carried forward?
No. Contributions over the limit cannot be carried over to a later year. Contributions postmarked by December 31 count for that year.
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.