Rhode Island 529 Plan Calculator

2026

Rhode Island 529 plans in 2026: deduction of up to $500 ($1,000 on a joint return), per return; only the RI 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.

Rhode Island 529 State Tax Benefit (2026)

Deduction of up to $500 ($1,000 on a joint return), per return. Only contributions to CollegeBound Saver (direct-sold; advisor-sold CollegeBound 529) count; money put into another state’s plan earns no Rhode Island deduction or credit.

Contributions above the cap can be carried forward and deducted in later years.

The limit is per return, no matter how many accounts, and goes to account owners. Nonqualified withdrawals and rollovers to another state's plan are recaptured; according to the plan, the state has ruled that 529-to-Roth IRA rollovers are not recaptured.

Rhode Island Tax & Education Facts (2026)

State Income Tax progressive (up to 5.99%)
529 State Tax Benefit Deduction of up to $500 ($1,000 on a joint return), per return
Plans That Qualify Only CollegeBound Saver (direct-sold; advisor-sold CollegeBound 529)
State Plan CollegeBound Saver (direct-sold; advisor-sold CollegeBound 529)
State Sales Tax 7.00%
Avg. Property Tax Rate 1.00%

Official Sources:

Other Rhode Island Calculators