Vanguard 529 State Tax Deduction Calculator

529 State Tax Deduction Calculator

Calculate the potential net value of your state tax deduction or credit (if applicable in your state) for a contribution made to your state's 529 savings plan this year, based on your taxable income.

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Planned contribution this year	$
State of residence
Filing status The tax filing status is used to determine the amount of the state tax deduction when the applicable state allows different tax deduction amounts for married/joint filers versus single filers. The filing status will also be used to compute the marginal tax rates needed to determine the net value of the state tax deduction. For Married Filing Separately or Head of Household status, select Single.	$ Married/Joint $ Single
Taxable income Taxable income includes your total annual income (salaries, wages, pension payments, dividends, and interest) less your deductions (standard or itemized) and personal exemptions. This calculator assumes that state and Federal tax treatments are similar for most sources of income and types of deductions, and that Federal taxable income is equivalent to state taxable income.	$