Virginia 529 Plan Calculator

2026

Virginia 529 plans in 2026: deduction of up to $4,000, per account; only the VA 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.

Virginia 529 State Tax Benefit (2026)

Deduction of up to $4,000, per account. Only contributions to Invest529 (Commonwealth Savers, formerly Virginia529) count; money put into another state’s plan earns no Virginia deduction or credit.

Contributions above $4,000 per account carry forward with no time limit until fully deducted.

Only the owner of record can deduct, up to $4,000 per account per year; each account, even for the same beneficiary, gets its own limit. Owners age 70 or older by December 31 can deduct the full contribution. The deduction is recaptured on withdrawals other than for qualified higher-education costs, death, disability or scholarship.

Virginia Tax & Education Facts (2026)

State Income Tax progressive (up to 5.75%)
529 State Tax Benefit Deduction of up to $4,000, per account
Plans That Qualify Only Invest529 (Commonwealth Savers, formerly Virginia529)
State Plan Invest529 (Commonwealth Savers, formerly Virginia529)
State Sales Tax 4.30%
Avg. Property Tax Rate 0.75%

Official Sources:

Other Virginia Calculators