New Jersey 529 Plan Calculator

2026

New Jersey 529 plans in 2026: deduction of up to $10,000, per return; only the NJ 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.

New Jersey 529 State Tax Benefit (2026)

Deduction of up to $10,000, per return. Only contributions to NJBEST 529 College Savings Plan count; money put into another state’s plan earns no New Jersey deduction or credit.

The $10,000 limit does not double on a joint return. On nonqualified withdrawals, earnings and previously deducted contributions are taxable. Savers with gross income of $75,000 or less can get a one-time NJBEST matching grant of up to $750.

New Jersey Tax & Education Facts (2026)

State Income Tax progressive (up to 10.75%)
529 State Tax Benefit Deduction of up to $10,000, per return
Plans That Qualify Only NJBEST 529 College Savings Plan
Income Rules No deduction if New Jersey gross income is over $200,000, for every filing status; there is no phase-out.
State Plan NJBEST 529 College Savings Plan
State Sales Tax 6.63%
Avg. Property Tax Rate 1.68%

Official Sources:

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