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District of Columbia 529 plans
District of Columbia residents receive outstanding state plan benefits.
Learn about state tax benefits ↓District of Columbia residents receive outstanding state plan benefits.
Learn about state tax benefits ↓Featured 529 plans for District of Columbia residents:
State tax deduction or credit
Contributions to the District of Columbia 529 plan of up to $4,000 per year by an individual, and up to $8,000 per year by married taxpayers who each make contributions to their own account, are deductible in computing District of Columbia taxable income, with a five-year carryforward of excess contributions.
Which 529 plans does District of Columbia offer?
Ascensus College Savings took over the management of the DC College Savings Plan in March 2017. The program was formerly sold nationally through financial advisors and on a load-waived basis to District of Columbia residents. The plan is now sold nationally on a direct-sold basis only and features a menu of age-based and static portfolio options featuring funds from a number of fund families.
Details on the DC 529 plan are available in the links below.
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
3.5 / 5
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 DC ABLE Program is offered through the National ABLE Alliance. The program is created under the District of Columbia's ABLE Program Trust Establishment Act of 2015 to authorize the establishment of savings accounts empowering individuals with a disability and their families to save private funds to support the individual with a disability and to provide guidelines for the maintenance of such accounts.
A good place to start:
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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.
