OKLAHOMA 529 PLAN · TAX YEAR 2026
Oklahoma 529 tax deduction calculator
Oklahoma lets you deduct up to $10,000 of contributions to Oklahoma's 529 plan, or $20,000 on a joint return. A single filer with $75,000 of wages who contributes $5,000 saves $225 of Oklahoma tax.
State tax saved
- Oklahoma tax saved
- $225.00
- Deduction
- $5,000.00
- Deduction limit
- $10,000.00
- Oklahoma tax before
- $2,829.50
- Oklahoma tax after
- $2,604.50
Oklahoma tax saved by contribution
With $75,000 of wages and one beneficiary.
| Contribution | Single | Married filing jointly |
|---|---|---|
| $1,000 | $45 | $45 |
| $5,000 | $225 | $225 |
| $10,000 | $450 | $450 |
| $20,000 | $450 | $900 |
Oklahoma 529 tax questions
Does Oklahoma have a 529 tax deduction?
Yes. Oklahoma lets you deduct up to $10,000 of contributions to Oklahoma's 529 plan, or $20,000 on a joint return.
How much does a $5,000 529 contribution save in Oklahoma?
$225 of Oklahoma tax for a single filer with $75,000 of wages, and $225 for a married couple filing jointly with the same income.
Which 529 plans qualify for Oklahoma's deduction?
Contributions to Oklahoma 529.
Can Oklahoma 529 contributions above the limit be carried forward?
Yes, for up to five years.
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.