New York 529 Plan Calculator
2026New York 529 plans in 2026: deduction of up to $5,000 ($10,000 on a joint return), per return; only the NY plan qualifies. Project your college savings growth.
By Konstantin Iakovlev · Updated October 19, 2026 · Methodology
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 College | 13 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 York 529 State Tax Benefit (2026)
Deduction of up to $5,000 ($10,000 on a joint return), per return.
Other states' plans don't qualify, and moving money to another state's plan counts as a nonqualified withdrawal subject to add-back.
Only the account owner can deduct, and the $10,000 joint limit is per return. New York treats K-12 tuition withdrawals as nonqualified and adds them back up to prior deductions; the same applies to student-loan payments and Roth IRA rollovers made before September 5, 2024 (later ones are qualified).
New York Tax & Education Facts (2026)
| State Income Tax | progressive (up to 10.9%) |
| 529 State Tax Benefit | Deduction of up to $5,000 ($10,000 on a joint return), per return |
| Plans That Qualify | Only New York's 529 College Savings Program Direct Plan |
| State Plan | New York's 529 College Savings Program Direct Plan |
| State Sales Tax | 4.00% |
| Avg. Property Tax Rate | 1.23% |
Official Sources: