529 contributions in Rhode Island
Varies
Are 529 Contributions Tax Deductible in Rhode Island?
Short answer: Yes on your Rhode Island return: $500 single / $1,000 joint per return. Only contributions to the state's own plan count. CollegeBound plans only; only account-owner contributions count; rollovers from other 529 plans are not deductible.
Carryforward: Unlimited. 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 Rhode Island
Varies
Individuals / Personal Taxes
Yes on your Rhode Island return: $500 single / $1,000 joint per return. Only contributions to the state's own plan count. CollegeBound plans only; only account-owner contributions count; rollovers from other 529 plans are not deductible.
Business justification
Yes on your Rhode Island return: $500 single / $1,000 joint per return. Only contributions to the state's own plan count. CollegeBound plans only; only account-owner contributions count; rollovers from other 529 plans are not deductible. Carryforward: Unlimited. There's no federal deduction for 529 contributions; growth is tax-free when used for qualified education costs.
Category
- Personal Tax Deductions