529 Planning Calculators
Here are links to helpful calculators to help you plan for the future.
529 Plan State Tax Deduction Calculator
Depending on your 529 plan, you may be eligible for a state tax deduction when you contribute to a 529 plan—and this calculator can help you estimate what that might look like for you. See how your contributions this year could translate into tax savings, making it easier to invest in your student’s education while benefiting at tax time.
Benefits of Saving Calculator
When you save with a 529 plan, you’re not just setting money aside – you may decrease the amount you need to borrow. This calculator helps you explore how investing in a tax-advantaged 529 plan compares to a non-tax advantaged account. Plus, see the difference between saving in 529 plan now compares to borrowing and repaying with interest. If you’re a Maine resident, you can see the benefits of Maine Matching Grants, too.
Goal Setting Calculator
Setting your college savings goal doesn’t have to be complicated. Use this calculator to explore different savings goals and see how they might help you build toward your student’s future. Set a goal that feels right for you—whether it’s covering a portion of costs or aiming for more. Every dollar in a NextGen 529 account is a dollar that doesn’t need to be borrowed (and repaid with interest) later.
