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South Dakota 529 plan: tax break and facts

South Dakota has no state tax break for 529 contributions, so you can pick any state's plan on fees and investments alone. Here are the facts on South Dakota's direct-sold 529 plan (the one you open yourself, without an advisor).

Plan
CollegeAccess 529
Official site
https://www.collegeaccess529.com/
Program manager
VP Distributors LLC (program manager per plan site)
Expense ratio range
not found
Minimum contribution
not found
State tax break (2026)
None
Tax parity (any state's plan)
No
Max account balance
$350,000

What South Dakota law says

No state income tax.

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 South Dakota have a 529 tax deduction?

No state tax break for 529 contributions.

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.