529 contributions in Nebraska
Varies
Are 529 Contributions Tax Deductible in Nebraska?
Short answer: Yes on your Nebraska return: $10,000 per return (single or joint); $5,000 MFS. Only contributions to the state's own plan count. NE plans only; incoming rollovers deductible; K-12 withdrawals are nonqualified (recaptured) until K-12 tuition becomes qualified in 2029.
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 Nebraska
Varies
Individuals / Personal Taxes
Yes on your Nebraska return: $10,000 per return (single or joint); $5,000 MFS. Only contributions to the state's own plan count. NE plans only; incoming rollovers deductible; K-12 withdrawals are nonqualified (recaptured) until K-12 tuition becomes qualified in 2029.
Business justification
Yes on your Nebraska return: $10,000 per return (single or joint); $5,000 MFS. Only contributions to the state's own plan count. NE plans only; incoming rollovers deductible; K-12 withdrawals are nonqualified (recaptured) until K-12 tuition becomes qualified in 2029. There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Category
- Personal Tax Deductions