- 529 Plans
- 529 Plan Ratings and Rankings
- Choosing a 529 Plan
- Resources
- College Savings 101
- How to Save for College
- Other Savings Options
- Tools and Calculators
- Student Loans
- Ratings and Reviews
- Paying for College
- Tools and Calculators
- For Professionals
- Advisor Resources
- Tools and Calculators
- Subscriptions
- 529 Plan Ratings and Rankings
- Choosing a 529 Plan
- Resources
- How to Save for College
- Other Savings Options
- Tools and Calculators
- Ratings and Reviews
- Paying for College
- Tools and Calculators
- Advisor Resources
- Tools and Calculators
- Subscriptions
- Account
Colorado 529 plans
Colorado residents receive outstanding state plan benefits.
Learn about state tax benefits ↓Colorado residents receive outstanding state plan benefits.
Learn about state tax benefits ↓Featured 529 plans for Colorado residents:
FDIC-Insured or Stable Value Plan
State tax deduction or credit
Contributions to a Colorado 529 plan, to the extent of the contributor's Colorado taxable income, are deductible in computing Colorado taxable income. Rollover contributions are not eligible for the deduction. Beginning January 1, 2025, state tax deductions will be limited to $25,400 per taxpayer, per beneficiary for single filers, or $38,100 per tax filing, per beneficiary for joint tax return filers. For income tax years on or after January 1, 2026, the cap will be annually adjusted by the percentage change in the combined average annual costs of tuition and room and board for all state institutions of higher education. The Working Families College Savings Act offers a Colorado tax credit for employers who make contributions to CollegeInvest savings plans owned by their employees. The available tax credit is 20% of the amount contributed to a CollegeInvest 529 account, up to $500 per employee (for a $2,500 employer contribution).
Which 529 plans does Colorado offer?
Colorado offers three direct-sold 529 savings plans and one advisor-sold 529 program available to residents of any state. The largest direct-sold plan is the Direct Portfolio College Savings Plan, managed by Ascensus utilizing Vanguard mutual funds, while the Stable Value Plus College Savings Program and the Smart Choice College Savings Plan are direct-sold programs which exclusively offer low-risk investment options. The advisor-sold Scholars Choice College Savings Program is managed by TIAA.
Direct sold 529 plans
"Do-it-yourself" type plans in which the saver enrolls and sets up the initial investment. Fortunately most 529 plans make this simple! You'll pay no sales charges beyond fund and administrative fees.
Our rating
4 / 5
Special award
FDIC-Insured or Stable Value Plan
FDIC-Insured or Stable Value Plan
Advisor sold 529 plans
Plans offered by investment professionals. You'll gain the guidance of a financial advisor, but will incur sales charges and/or fees as you invest.
Our rating
4 / 5
Special award
ABLE Plans
529 ABLE accounts let Americans with disabilities save tax-deferred for education and other expenses without impacting eligibility for public benefits.
ABLE Plan
The Colorado ABLE Program is established under the state's ABLE legislation and Section 529A and implemented by CollegeInvest, a not-for-profit division within the Colorado Department of Higher Education. It allows an account owner to save for qualified disability expenses without disqualification from federal benefits.
A good place to start:
See the best 529 plans, personalized for you
The latest articles and tips to help parents stay on track with saving and paying for college, delivered to your inbox every week.
Saving For College is an unbiased, independent resource for parents and financial professionals, providing them with information and tools to understand the benefits of 529 college savings plans and how to meet the challenge of increasing college costs.
