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Massachusetts taxpayers can get a state tax deduction for contributing up to $1,000 (single) or $2,000 (joint) a year, generally only for the in-state plan. Here are the facts on Massachusetts's direct-sold 529 plan (the one you open yourself, without an advisor).
Massachusetts provides an annual deduction in an amount equal to 1) purchases of or 2) contributions made in a taxable year to an account in a pre-paid tuition program or a college savings program established by the Commonwealth or an instrumentality or authority of the Commonwealth. The deduction applies to tax years beginning on or after January 1, SeeG.L. c. 62, § 3.B(a)(19); TIR 16 -15;TIR 22 -5.
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.
Yes: a deduction for up to $1,000 (single) / $2,000 (joint) of contributions in 2026
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.