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Montana 529 plans
Montana residents receive outstanding state plan benefits.
Learn about state tax benefits ↓Montana residents receive outstanding state plan benefits.
Learn about state tax benefits ↓Featured 529 plans for Montana residents:
State tax deduction or credit
Contributions to Montana AND non-Montana 529 plans of up to $3,000 per year by an individual, and up to $6,000 per year by a married couple filing jointly, are deductible in computing Montana taxable income.
Montana is a tax parity state, enabling tax benefits for contributions to non-state 529 plans. See the best 529 plans →
Which 529 plans does Montana offer?
Achieve Montana is a direct-sold plan managed by Ascensus College Savings, and offers year-of-enrollment, static and individual investment options using Vanguard, DFA, iShares, and Schwab funds and an FDIC-insured savings option. The Montana Family Education Savings Program (Bank Plan) was closed to new investors in July 2015.
More information on the Montana 529 plans is provided in the following links.
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
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 Montana ABLE Program is offered through the National ABLE Alliance. The program is created under the Montana Achieving a Better Life Experience Act 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.
