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Vermont 529 plan: tax break and facts

Vermont taxpayers can get a state tax credit for contributing up to $2,500 (single) or $5,000 (joint) a year, generally only for the in-state plan. Here are the facts on Vermont's direct-sold 529 plan (the one you open yourself, without an advisor).

Plan
Vermont 529 (VHEIP)
Official site
https://www.vt529.org/
Program manager
not found
Expense ratio range
not found
Minimum contribution
$25
State tax break (2026)
$2,500 single / $5,000 joint (credit)
Tax parity (any state's plan)
No
Max account balance
$550,000

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 Vermont have a 529 tax deduction?

Yes: a credit for up to $2,500 (single) / $5,000 (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.