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Massachusetts 529 plans
Massachusetts residents receive numerous state plan benefits.
Learn about state tax benefits ↓Massachusetts residents receive numerous state plan benefits.
Learn about state tax benefits ↓Featured 529 plans for Massachusetts residents:
Prepaid Plan
State tax deduction or credit
Effective January 1, 2017, contributions to Massachusetts 529 plans of up to $1,000 per year by an individual, and up to $2,000 per year by a married couple filing jointly, are deductible in computing Massachusetts taxable income.
Which 529 plans does Massachusetts offer?
Massachusetts has two programs available: the U.Fund College Investing Plan, a direct-sold 529 college savings plan managed by Fidelity Investments using Fidelity mutual funds, and the U.Plan Prepaid Tuition Program, offered by MEFA.
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
Prepaid Plan
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 Attainable Savings Plan is offered by the Massachusetts Educational Financing Authority and managed by Fidelity Investments.
A good place to start:
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