Massachusetts 529 Plan Calculator

2026

Massachusetts 529 plans in 2026: deduction of up to $1,000 ($2,000 on a joint return), per return; only the MA plan qualifies. Project your college savings growth.

By Konstantin Iakovlev · Updated October 19, 2026 · Methodology

years
years
$
$
%
$
years

Total College Cost

$176,766.87

With 4% inflation

Projected Savings

$58,861.83

Funding

33%

Funding Gap

$117,905.04

Monthly Needed to Fully Fund

$750.77

529 Plan Projection

Years Until College13 years
Total College Cost (with inflation)$176,766.87
Current Balance$0.00
Total Contributions$39,000.00
Investment Growth+ $19,861.83
Projected Savings at College$58,861.83
Funding Gap$117,905.04
Monthly Contribution Needed$750.77

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

Massachusetts 529 State Tax Benefit (2026)

Deduction of up to $1,000 ($2,000 on a joint return), per return. Only contributions to U.Fund College Investing Plan (MEFA/Fidelity, direct-sold); U.Plan Prepaid Tuition Program count; money put into another state’s plan earns no Massachusetts deduction or credit.

The limit is per return, no matter how many beneficiaries. The deduction is recaptured if withdrawals go to anything other than qualified higher-education costs (or the beneficiary's death, disability or scholarship), so K-12 tuition withdrawals trigger recapture.

Massachusetts Tax & Education Facts (2026)

State Income Tax 5.00% (flat)
529 State Tax Benefit Deduction of up to $1,000 ($2,000 on a joint return), per return
Plans That Qualify Only U.Fund College Investing Plan (MEFA/Fidelity, direct-sold); U.Plan Prepaid Tuition Program
State Plan U.Fund College Investing Plan (MEFA/Fidelity, direct-sold); U.Plan Prepaid Tuition Program
State Sales Tax 6.25%
Avg. Property Tax Rate 0.95%

Official Sources:

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