529 contributions in Massachusetts
Varies
Are 529 Contributions Tax Deductible in Massachusetts?
Short answer: Yes on your Massachusetts return: $1,000 single / $2,000 joint per return. Only contributions to the state's own plan count. U.Fund/U.Plan only; deduction recaptured on distributions not used for qualified expenses, death, disability, or scholarship.
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 Massachusetts
Varies
Individuals / Personal Taxes
Yes on your Massachusetts return: $1,000 single / $2,000 joint per return. Only contributions to the state's own plan count. U.Fund/U.Plan only; deduction recaptured on distributions not used for qualified expenses, death, disability, or scholarship.
Business justification
Yes on your Massachusetts return: $1,000 single / $2,000 joint per return. Only contributions to the state's own plan count. U.Fund/U.Plan only; deduction recaptured on distributions not used for qualified expenses, death, disability, or scholarship. There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Category
- Personal Tax Deductions