new jersey 529 plan deduction

This comprehensive 529 plan comparison tool lets you compare over 40 features including investment options state income tax benefits and more. Similar to a 529 college savings plan 529 ABLE accounts are savings accounts administered by the statesMoney can be withdrawn tax-free when the funds are used to pay for qualified disability expenses.


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The contribution limit for 2022 is 16000 the amount of the annual gift tax exclusion and many states have total contribution limits that exceed 300000.

. To easily compare 529 plan fees and performance try the 529 Consumer Comparison Tool. 529 ABLE 529A accounts.


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