|
|
Deductibility
|
|
State
|
Single
|
Married
|
Comments
|
Maximum Contribution
|
| Alabama |
$5,000 |
$10,000 |
|
$475,000 |
| Arkansas |
$5,000 |
$10,000 |
|
$500,000 |
| Delaware |
$1,000 |
$2,000 |
|
$500,000 |
| District of Columbia |
$4,000 |
$8,000 |
5-year carryforward of excess contributions |
$500,000 |
| Florida |
$0 |
$0 |
No state income tax |
$418,000 |
| Georgia |
$4,000 |
$8,000 |
Amount is per beneficiary |
$235,000 |
| Kentucky |
$0 |
$0 |
|
$450,000 |
| Louisiana |
$2,400 |
$4,800 |
Amount is per account; unused cap may be carried forward; double contributions allowed for non-related, needy beneficiary |
$500,000 |
| Maryland |
$2,500 |
$5,000 |
Amount is per beneficiary; account owners and contributors are eligible for the deduction |
$500,000 |
| Mississippi |
$10,000 |
$20,000 |
|
$400,000 |
| North Carolina |
$0 |
$0 |
|
$550,000 |
| Oklahoma |
$10,000 |
$20,000 |
5-year carryforward of excess contributions |
$450,000 |
| South Carolina |
AGI |
AGI |
|
$575,000 |
| Tennessee |
$0 |
$0 |
No state income tax |
$350,000 |
| Texas |
$0 |
$0 |
No state income tax |
$500,000 |
| Virginia |
$4,000 |
$4,000 |
Amount is per account and is deductible by the account owner regardless of who made the contribution; unlimited carryforward of excess contributions |
$550,000 |
| West Virginia |
AGI |
AGI |
|
$550,000 |
|
