Mississippi 529 Plan Calculator

2026

Mississippi 529 plans in 2026: deduction of up to $10,000 ($20,000 on a joint return), per return; only the MS 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.

Mississippi 529 State Tax Benefit (2026)

Deduction of up to $10,000 ($20,000 on a joint return), per return. Only contributions to Mississippi Affordable College Savings (MACS) Program count; money put into another state’s plan earns no Mississippi deduction or credit.

The $20,000 joint limit is per return and applies to MACS accounts; MPACT prepaid-contract payments are also deductible. Contributions made by the return due date (not counting extensions) count for the prior year. Nonqualified withdrawals must be reported on your return.

Coming change: Enacted rate cuts will make the deduction worth less: the rate on income above $10,000 falls to 3.75% in 2027, then to 3% by 2030.

Mississippi Tax & Education Facts (2026)

State Income Tax progressive (up to 4%)
529 State Tax Benefit Deduction of up to $10,000 ($20,000 on a joint return), per return
Plans That Qualify Only Mississippi Affordable College Savings (MACS) Program
State Plan Mississippi Affordable College Savings (MACS) Program
State Sales Tax 7.00%
Avg. Property Tax Rate 0.54%

Official Sources:

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