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Maine 529 plans
Maine residents receive outstanding state plan benefits.
Learn about state tax benefits ↓Maine residents receive outstanding state plan benefits.
Learn about state tax benefits ↓Featured 529 plans for Maine residents:
View all 529 plans for Maine ↓
State tax deduction or credit
Individuals who file individual Maine state income returns will be able to deduct up to $1,000 per Designated Beneficiary per tax year for their total, combined contributions to any Section 529 Program during the tax year, for taxable years beginning on or after January 1, 2023. The deduction is not available to taxpayers with federal adjusted gross income over $100,000 (single or married filing separately) or $200,000 (married filing jointly or head of household).
Maine is a tax parity state, enabling tax benefits for contributions to non-state 529 plans. See the best 529 plans →
Which 529 plans does Maine offer?
The NextGen 529 is managed by Vestwell State Savings, LLC for the state of Maine. BlackRock Investments is the program distributor for both the direct sold and advisor-sold version of 529 plan. The Client Direct Series, offers investment options through BlackRock (including iShares). The advisor-sold plan, the Client Select Series, currently offers investment options through multiple fund families. Each plan features age-based portfolios.
Details on each Maine 529 plan can be found by selecting 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.
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 ABLE ME Program is established and maintained by the Maine State Treasurer and administered by Bangor Savings Bank. The ABLE ME Program is intended to operate as a qualified ABLE program, pursuant to Internal Revenue Code Section 529A, that was adopted as part of The Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014, as amended.
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