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Mississippi 529 plan: tax break and facts

Mississippi taxpayers can get a state tax deduction for contributing up to $10,000 (single) or $20,000 (joint) a year, generally only for the in-state plan. Here are the facts on Mississippi's direct-sold 529 plan (the one you open yourself, without an advisor).

Plan
MACS (Mississippi Affordable College Savings)
Official site
https://treasury.ms.gov/for-citizens/college-savings-mississippi/for-parents/learn/macs/ (the site didn't load for our check)
Program manager
not found
Expense ratio range
not found
Minimum contribution
not found
State tax break (2026)
$10,000 single / $20,000 joint (deduction)
Tax parity (any state's plan)
No
Max account balance
$400,000

What Mississippi law says

Mississippi provides an annual deduction of $10,000 per tax return for individual filers and $20,000 per tax return for joint filers. of the following year may be deducted in the current year. For joint filers, married couples need only establish one account in order to take the maximum deduction.

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 Mississippi have a 529 tax deduction?

Yes: a deduction for up to $10,000 (single) / $20,000 (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.