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Louisiana 529 plans
Louisiana residents receive numerous state plan benefits.
Learn about state tax benefits ↓Louisiana residents receive numerous state plan benefits.
Learn about state tax benefits ↓Featured 529 plans for Louisiana residents:
State tax deduction or credit
Contributions to the Lousiana 529 plan of up to $2,400 per account per year by an individual taxpayer, and up to $4,800 per beneficiary per year by a married couple filing jointly, are deductible in computing Louisiana taxable income, with an unlimited carryforward of excess contributions. The pre-filled "Maximum yearly in-state deduction" assumes there is one beneficiary. Adjust "Maximum yearly in-state deduction" for multiple accounts with separate beneficiaries, but do not exceed the amount of investment in '"This year's 529 investment" . Also adjust "Maximum yearly in-state deduction" if the donor qualifies for a double deduction when the beneficiary's family income is below $30,000. This calculator does not consider the potential added benefit of the state's Earnings Enhancement that matches between 2% to 14% (depending on income) of contributions into Louisiana's 529 plan.
Which 529 plans does Louisiana offer?
Louisiana’s 529 college savings plan is subsidized by the state, resulting in no costs to the participant above the underlying fund expenses. However, only those meeting Louisiana residency requirements may participate in this 529 plan. Vanguard mutual funds and the State Treasurer’s fixed income fund are utilized in the age-based and static portfolio options available through this savings program.
Louisiana has established a separate program for K-12 savings, the Louisiana Student Tuition Assistance and Revenue Trust Kindergarten Through Grade Twelve Program, or START K12. Account owners can use a START K12 account to save for expenses related to enrollment or attendance at a public or private elementary or secondary school in Louisiana.
Click on the link below to see additional information on the Louisiana 529 plan.
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 Louisiana Achieving a Better Life Experience (ABLE) Account Program allows individuals and families to save private funds to support persons with disabilities in endeavors to maintain health, independence, and quality of life.
A good place to start:
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