529 contributions in Colorado
Varies
Are 529 Contributions Tax Deductible in Colorado?
Short answer: Yes on your Colorado return: $26,200 single / $39,200 joint per beneficiary. Only contributions to the state's own plan count. Caps indexed yearly to CO college costs; no deduction for K-12 contributions; recaptured on nonqualified withdrawals or out-of-state rollovers.
There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Records to keep: Keep receipts, statements, and a note of what each cost was for. Compare itemizing to the 2026 standard deduction ($16,100 single / $32,200 joint) before you claim.
529 contributions in Colorado
Varies
Individuals / Personal Taxes
Yes on your Colorado return: $26,200 single / $39,200 joint per beneficiary. Only contributions to the state's own plan count. Caps indexed yearly to CO college costs; no deduction for K-12 contributions; recaptured on nonqualified withdrawals or out-of-state rollovers.
Business justification
Yes on your Colorado return: $26,200 single / $39,200 joint per beneficiary. Only contributions to the state's own plan count. Caps indexed yearly to CO college costs; no deduction for K-12 contributions; recaptured on nonqualified withdrawals or out-of-state rollovers. There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Category
- Personal Tax Deductions