529 contributions in Georgia
Varies
Are 529 Contributions Tax Deductible in Georgia?
Short answer: Yes on your Georgia return: $4,000 single / $8,000 joint per beneficiary. Only contributions to the state's own plan count. 2026-2030: reciprocal out-of-state plans get $2,000/$4,000 within the combined cap; contributions allowed until the IRA deadline.
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 Georgia
Varies
Individuals / Personal Taxes
Yes on your Georgia return: $4,000 single / $8,000 joint per beneficiary. Only contributions to the state's own plan count. 2026-2030: reciprocal out-of-state plans get $2,000/$4,000 within the combined cap; contributions allowed until the IRA deadline.
Business justification
Yes on your Georgia return: $4,000 single / $8,000 joint per beneficiary. Only contributions to the state's own plan count. 2026-2030: reciprocal out-of-state plans get $2,000/$4,000 within the combined cap; contributions allowed until the IRA deadline. There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Category
- Personal Tax Deductions