529 contributions in Montana
Varies
Are 529 Contributions Tax Deductible in Montana?
Short answer: Yes on your Montana return: $4,600 single / $9,200 joint per return. Contributions to any state's 529 plan count. Indexed from 2026 (HB 845); account owner must be taxpayer, spouse, or MT-resident child; 5.9% recapture tax on nonqualified withdrawals.
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 Montana
Varies
Individuals / Personal Taxes
Yes on your Montana return: $4,600 single / $9,200 joint per return. Contributions to any state's 529 plan count. Indexed from 2026 (HB 845); account owner must be taxpayer, spouse, or MT-resident child; 5.9% recapture tax on nonqualified withdrawals.
Business justification
Yes on your Montana return: $4,600 single / $9,200 joint per return. Contributions to any state's 529 plan count. Indexed from 2026 (HB 845); account owner must be taxpayer, spouse, or MT-resident child; 5.9% recapture tax on nonqualified withdrawals. There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Category
- Personal Tax Deductions