Tennessee 529 Plan Calculator

2026

Tennessee 529 plans in 2026: no state income tax, so there is no 529 deduction to claim. 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.

Tennessee 529 State Tax Benefit (2026)

No state income tax, so there is no 529 deduction to claim. Earnings in any state’s 529 plan still grow free of federal tax when spent on qualified education, and Tennessee residents can use any state’s plan.

What Tennessee offers instead is a match: through the TIPS program the state adds $4 for every $1 a qualifying family contributes to a TNStars account, up to $500 a year and $1,500 per beneficiary (Tennessee Treasury).

Tennessee Tax & Education Facts (2026)

State Income Tax None
529 State Tax Benefit No state income tax, so there is no 529 deduction to claim
State Plan TNStars College Savings 529 Program (Tennessee Treasury)
State Sales Tax 7.00%
Avg. Property Tax Rate 0.46%

Official Sources:

Other Tennessee Calculators