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Connecticut 529 plan: tax break and facts

Connecticut taxpayers can get a state tax deduction for contributing up to $5,000 (single) or $10,000 (joint) a year, generally only for the in-state plan. Here are the facts on Connecticut's direct-sold 529 plan (the one you open yourself, without an advisor).

Plan
CHET / Fund My Future CT
Official site
https://www.fundmyfuturect.com/ (the site didn't load for our check)
Program manager
Fidelity Investments (per fidelity.com/529-plans)
Expense ratio range
not found
Minimum contribution
not found
State tax break (2026)
$5,000 single / $10,000 joint (deduction)
Tax parity (any state's plan)
No
Max account balance
$550,000

What Connecticut law says

Effective for taxable years beginning on or after January 1, 2006, Connecticut permits a deduction of up to $5,000 (if filing status is single, head of household, married filing separately) or $10,000 (if filing status is married filing jointly, or qualify ing widow(er) with dependent child) for contributions to the Connecticut 529 plan. Conn. Gen. Stat. §§ 12-701(a)(20) and 12-701a.

Summary of state law from the ICI 2025 state tax survey; it may predate 2026 changes.

2026 limits and parity: Savingforcollege. Manager, fees and minimum: only when stated on the plan's homepage text we read (2026-10-12); otherwise 'not found'. Check the plan's disclosure document for exact fees.

FAQ

Does Connecticut have a 529 tax deduction?

Yes: a deduction for up to $5,000 (single) / $10,000 (joint) of contributions in 2026

Do I have to use my own state's plan?

No. You can use any state's plan; you may lose your state's tax break if your state doesn't offer tax parity.

Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.